There are many different sorts of financial services licenses both at the organizational and individual levels: banking licenses, broker-dealer licenses, invest

There are many different sorts of financial services licenses both at the organizational and individual levels: banking licenses, broker-dealer licenses, investment advisory licenses, money-transfer licenses etc. From different federal agencies, state regulators, or industry associations. You can do certain things given certain licenses or be prohibited from doing certain things. Some licenses are granted to companies. Some to individuals. Plus, there are a blizzard of non-license based regulations covering a wide range of financial services activities. It's not necessarily problematic that a tech company gets a license. But I think that some services require that officers of the company have specific licenses, which may be an issue. Or that the company have certain safeguards in place. Or certain communications (or communications blockage) structures. Etc. The regulations are fairly complex and intensive -- I suspect even many larger tech companies would be leery about entering this minefield.