Is TikTok trying to leverage #FinTok success to become an accredited lender?

Millions of people already use TikTok to seek financial advice. Now, the app may be taking its money moves to the next level. According to a report from Reuters, TikTok applied for two interesting licenses in Brazil. The first would allow it to operate as an "electronic money issuer," a la Venmo. Users would be able to obtain prepaid accounts they could use to make and receive payments on the app. The second license would position TikTok as a "direct credit company." Visit Tubefilter for more great stories.

Last updated Apr 2, 2026 by ATDb automated enrichment