Source: https://fintech.ph/listing/tonik-bank

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# Tonik Bank

Philippines’ First Digital Bank

[Digital Banking](https://fintech.ph/category/digital-banking) [Lending](https://fintech.ph/category/lending) [Savings](https://fintech.ph/category/savings)

[Visit website](https://tonikbank.com/)

- **Founded**: 2018
- **Headquarters**: Pasig City, Philippines
- **Stage**: Growth
- **Total raised**: US$187M. From recorded rounds
- **Licences**: 1. BSP

## Overview

Tonik is a standalone digital bank in the Philippines, operating under a BSP digital-bank license secured in 2021. Founded in 2018 as a Singapore group and launched in the Philippines in March 2021, it offers savings, time deposits, Stashes and consumer loans, with PDIC-insured deposits. Its recorded financing rounds total US$187M, including the US$131M Series B led by Mizuho Bank in 2022 and a US$12M Pre-Series C raised by controlling shareholder Tonik Financial in November 2025, led by Diligent Capital Partners. Tonik reported reaching profitability in Q1 2026.

### Mission

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

### Products

- Tonik Savings
- Time Deposits
- Personal Loans
- Stashes

### Serves

Consumers Millennials Digital natives

## Funding and ownership

Total raised

US$187M

Sum of recorded funding rounds

Stage

Growth

Parent organisation: Tonik Financial

### Investors and shareholders

Mizuho Bank Peak XV Partners (formerly Sequoia Capital India) Insignia Ventures Partners Point72 Ventures iGlobe Partners Diligent Capital Partners Plio Limited Altara Ventures

Figures are calculated from the funding rounds recorded for this company.

## People

- Greg Krasnov Founder & Group CEO
- Pawan Bahuguna Co-Founder

## Licences and certifications

- [BSP Digital Bank License](https://fintech.ph/licence/digital-banks) [Check: BSP directory of banks and financial institutions](https://www.bsp.gov.ph/SitePages/FinancialStability/DirBanksFIList.aspx)
- PCI DSS Certification
- PDIC member Certification

## Awards and recognition

- 'Best New Digital Bank Philippines 2021' by World Economic Magazine
- 'Most Innovative Digital Bank Philippines 2024' by Global Banking & Finance Awards
- 'Best Customer Service for Digital Banks 2023' by PDI and Statista
- 'Best Core Banking System Initiative' award at the 16th Annual Retail Banker International (RBI) Awards 2025
- Regional winner – Asia and category winner – for 'Customer Experience' at the IBSi Digital Banking Awards 2025

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## Contact and links

[tonikbank.com](https://tonikbank.com/)

- [x](https://x.com/TonikBank)
- [tiktok](https://www.tiktok.com/@tonikbank)
- [youtube](https://www.youtube.com/channel/UCH8gP9wBulvoAeVfM1X4XpA)
- [facebook](https://www.facebook.com/TonikBankPH)
- [linkedin](https://www.linkedin.com/company/tonikbank/)
- [instagram](https://www.instagram.com/tonikbank/)

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From fintech.ph, an independent directory of fintech companies in the Philippines, as of October 27, 2026. Please link to https://fintech.ph/listing/tonik-bank when citing this page.