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Tonik

Tonik

singapore, central singapore, singapore

About

Tonik is a transformative digital bank on a mission to revolutionize the way money works in Southeast Asia. We are addressing the US$140 billion retail deposit and US$100 billion unsecured retail lending opportunities in the Philippines. We believe the existing Filipino banking customers and the 70% of the Filipinos that remain unbanked deserve a better choice โ€“ a digital-only bank that is simple, not intimidating, helps them save, all at the click of a button. As the world leader in internet and social media usage, we believe Philippines is ripe for becoming a world leader in digital banking too. We plan to make it happen. We provide retail financial products, including deposits, loans, savings accounts, payments, and cards on a highly secure digital banking platform. Innovation is woven into the DNA of our company. We put customers first. We challenge the status quo. We are relentless. We are passionate about improving peopleโ€™s financial lives through the use of technology. Tonik is officially the Philippinesโ€™ first neobank to secure a digital bank license from the Bangko Sentral ng Pilipinas (BSP). Deposits are insured by the Philippine Deposit Insurance Corporation (PDIC).

Company Details

HQ Location

singapore, central singapore, singapore

Industry

banking

Employees

424

Founded

2018

singapore

singapore, central singapore, singapore

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Funding

SERIES_B

2022-1-9

Last round

$131.00M

Rounds

5

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