Tonik, the parent company of Tonik Digital Bank in the Philippines, is a transformative digital bank that provides retail financial products, including savings deposits, loans, current accounts, payments, and cards.

Tonik is on a mission to revolutionize the way money works in Southeast Asia.

Tonik was founded in Philippines in 2018 by Greg Krasnov. The company is headquartered in Singapore, with offices in Philippines and India.


Tonik is the first digital-only neobank in the Philippines, providing loan, deposit, payment, and card products to consumers on a highly secure digital banking platform.


Tonik operates on the basis of the first private digital bank license issued by the Bangko Sentral ng Pilipinas. Tonik is led by a team of retail finance veterans who have previously built and scaled multiple retail banks and fintechs across the global emerging markets.


Tonik has reached $20M and $100M of consumer deposits within the first and eighth months respectively since they launched in Mar 2021. It is now focused on rolling out a broad range of innovative all-digital consumer lending products.


Tonik is backed by Mizuho Bank, Sequoia India, Point72 Ventures, Prosus Ventures, Sixteenth Street Capital, Insignia, iGlobe, Alpha JWC, Citius, Blauwpark, Nuri Group, and others. The company raised $131M in Series B round on Feb 09, 2022. This brings Tonik's total funding to $175M to date. The latest round valued the company at a $550M post-money.



  • Year founded: 2018
  • Funding Info: $175M over 4 Rounds (Latest Funding Type: Series B)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at $550M as of Feb 09, 2022
  • City/Town: Singapore
  • State: Central Region
  • Country: Singapore
Related businesses