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.) (Apr 2021)74(-1%)
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

4 days 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

85/100

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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

Philippines based Digital Bank Tonik Reports $20M+ in Deposits in Less than A Month After Launch, Announces Partnership with PESONet

Philippines based Digital Bank Tonik Reports $20M+ in Deposits in Less than A Month After Launch, Announces Partnership with PESONet drupaladmin2 Fri, 05/07/2021 - 19:45

How much can I deposit to my account?

How much can I deposit to my account? Banks have different daily transfer and transaction limits. Here are the e-commerce limits we have gathered from *local banks. AUB - Hello Money (prepaid card) - 50,000                  Hello Money with soft token - 100,000 BDO – Up to 200,000…

Let’s cut to the chase, how can I transfer to my Tonik account via PESONet?

Let’s cut to the chase, how can I transfer to my Tonik account via PESONet? We have compiled a list of step-by-step guides on how to transfer funds from your (ex)bank to your Tonik account.   AUB to Tonik  Step 1. Log in to the AUB website or mobile app. Step 2. Under Fund Transfer…

Will I get my funds back if Tonik Bank is unable to process or rejected my fund transfer?

Will I get my funds back if Tonik Bank is unable to process or rejected my fund transfer? The transfer amount net of service fees, if any, will be credited back to your source bank as soon as we have returned the funds to them. Give it 2 to 3 business days for your source bank to proc…

Butterfingers! What if I entered a valid Tonik account number that belongs to someone else?

Butterfingers! What if I entered a valid Tonik account number that belongs to someone else? All PESONet transactions are considered final and can no longer be cancelled if a valid Tonik account number other than the recipient’s was provided.   If it happens to you, immediately report…

What is the batting average of transferring to my Tonik account via PESONet?

What is the batting average of transferring to my Tonik account via PESONet? The crediting to your Tonik account may be unsuccessful because of the following reasons: You entered an invalid Tonik account number.   Make sure it is the 14-digit account number found in your profile. …
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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 74 employees.

  • Who are TONIK competitors?

    Competitors of TONIK include Swan, Nordic API Gateway 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.