OverviewSuggest Edit

TONIK is a digital bank company. It provides retail financial products, including deposits, loans, current accounts, payments, and cards on a secure digital banking platform.
TypePrivate
Founded2018
HQPasig, PH
Websitetonikbank.com

Latest Updates

Employees (est.) (Jul 2021)94(+12%)
Cybersecurity ratingBMore

TONIK Office Locations

TONIK has an office in Pasig
Pasig, PH (HQ)
Meralco Ave, San Antonio
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TONIK Financials and Metrics

Summary Metrics

Founding Date

2018

TONIK total Funding

$44 m

TONIK latest funding size

$17 m

Time since last funding

3 months ago

TONIK investors

TONIK's latest funding round in May 2021 was reported to be $17 m. In total, TONIK has raised $44 m
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TONIK Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

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TONIK Online and Social Media Presence

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TONIK News and Updates

Neobank Tonik secures $17m to scale its growth

Since its launch in March this year, the company said it's been able to secure over 1 billion pesos in retail deposits in under a month.

Neo bank Tonik strikes a partnership with alternative credit scoring company FinScore

Tonik, the first neobank in the Philippines operating under its own bank license by the Bangko Sentral ng Pilipinas (BSP) strikes a partnership with FinScore, the Philippines-based Alternative Credit Scoring company.

Tonik Energy latest supplier to cease trading

Tonik Energy has become the latest household supplier to go bust, with 250 employees set to lose their jobs. The The post Tonik Energy latest supplier to cease trading appeared first on CityAM.

Tonik raises $21 million to launch digital bank in the Philippines

A wave of digital banks, or neo-banks, has flourished in recent years in Western nations as people begin to flee megabanks. While most of these startups are yet to prove they can turn a profit, entrepreneurs are beginning to replicate similar ideas in South Asian markets, where most people don’t hav…

Singapore digibank Tonik raises $21m to launch in the Philippines this year

It aims to have millions of users in the archipelago in the next five years.

SG’s Tonik Financial closes Series A at $21m, to launch digital bank in PH

Tonik said the funding round was co-led by Sequoia India and Point72 Ventures. The post SG’s Tonik Financial closes Series A at $21m, to launch digital bank in PH appeared first on DealStreetAsia.
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TONIK Blogs

Why are my Mastercard transactions posted to my account at a later date?

Why are my Mastercard transactions posted to my account at a later date? Mastercard transactions have 2 steps in each transaction. The first step is when you make your purchase/payment at a merchant/ATM and authorize the bank to debit the funds. The second step, which can happen days…

Has my ex(bank) listed Tonik Digital Bank as a PESONet receiving bank?

Has my ex(bank) listed Tonik Digital Bank as a PESONet receiving bank? The following financial institutions have listed Tonik Digital Bank as a PESONet *beneficiary/receiving bank:  1. ING 2. CIMB 3. Landbank 4. Metrobank 5. PSBank 6. Robinsons Bank 7. Coins.ph 8. PNB 9. AUB 10. China…

Should I clear App Data in my phone setting?

Should I clear App Data in my phone setting? Clearing the App's data will not result in any critical issues. It will, however reset your Tonik App, and you will be required to authenticate again by: 1. Validating your mobile number through an OTP 2. Doing a Face Identity Scan 3. Resett…

How to see Group Stash members' contribution?

How to see Group Stash members' contribution? Tap onto your Group Stash in the Stash list, go to Manage Savers and you will see who are your members and how much they have contributed so far. drupaladmin2 Fri, 06/11/2021 - 01:42

How to enjoy the Group Stash interest rate?

How to enjoy the Group Stash interest rate? Very easy, have at least 2 members in your Group Stash. You'll enjoy the Group Stash interest once they contributed to the Group Stash. drupaladmin2 Fri, 06/11/2021 - 01:41

Where is my Stash interest credited?

Where is my Stash interest credited? Your Stash interest is credited to your Stash directly. You can check the interest crediting history in your Stash transaction history. drupaladmin2 Fri, 06/11/2021 - 01:40
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TONIK Frequently Asked Questions

  • When was TONIK founded?

    TONIK was founded in 2018.

  • How many employees does TONIK have?

    TONIK has 94 employees.

  • Who are TONIK competitors?

    Competitors of TONIK include Swan, Aiia and Arttha.

  • Where is TONIK headquarters?

    TONIK headquarters is located at Meralco Ave, San Antonio, Pasig.

  • Where are TONIK offices?

    TONIK has an office in Pasig.

  • How many offices does TONIK have?

    TONIK has 1 office.