Tonik

Tonik

Banking

Singapore, Singapore 40,292 followers

The first neobank in the Philippines.

About us

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 – 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 people’s financial lives through the use of technology. Tonik is officially the Philippines’ 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).

Industry
Banking
Company size
201-500 employees
Headquarters
Singapore, Singapore
Type
Privately Held
Founded
2018
Specialties
Digital Banking, Retail Bank, and Payments & Remittance

Locations

Employees at Tonik

Updates

Similar pages

Funding

Tonik 5 total rounds

Last Round

Series B

US$ 131.0M

See more info on crunchbase