Tonik

📍 Singapore, Singapore🗓 Founded 2018👥 411 employees💰 Last funded Apr 2021
Banking🌐 tonikbank.com
Website LinkedIn
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).
5
Total investors
4
Early stage
1
Mid stage
0
Late stage
2018
Founded

Investors

5 investors
All
Early stage
Mid stage
Late stage
Investor geography2 countries
Singapore
3
United States
2
Investor activity2020–2021 · investors recorded per year
2020420211
Recent (last 2y)Earlier
Frequently asked questions
Who invested in Tonik?
Tonik has 5 investors on record on gritt.io, including 4 early-stage backers, 1 mid-stage.
When did Tonik last raise funding?
The most recent investment in Tonik recorded on gritt.io was in April 2021.
When was Tonik founded?
Tonik was founded in 2018.
What industry is Tonik in?
Tonik operates in Banking. Find similar Banking investors on gritt.io.
Where is Tonik based?
Tonik is headquartered in Singapore, Singapore.