TikTok Shop and GoTyme Bank on Thursday launched TikTok Shop Loans, a fast and flexible financing service tailored specifically for micro, small, and medium enterprises (MSMEs) in the Philippines. Designed as a direct response to the rigid and lengthy processes of traditional lending, the solution uses sellers’ TikTok Shop sales data to generate real-time, pre-qualified loan offers—with disbursements made in as fast as one business day.
Eligible sellers can select their preferred loan amount and repayment terms, with flexible installment options via bank transfer or QRPh. This initiative aims to address one of the biggest hurdles faced by MSMEs: timely access to capital.
Franco Aligaen, marketing lead of TikTok Shop Philippines, emphasized the platform’s commitment to supporting MSMEs through innovative tools like TikTok Shop Loans. GoTyme Bank co-CEOs Albert Tinio and Nate Clarke highlighted the bank’s mission to deliver inclusive, data-driven financial solutions designed around entrepreneurs’ needs.
By simplifying access to business capital, the partnership empowers MSMEs to reinvest in growth and navigate the digital marketplace more competitively.
