More articles about: Tonik

Parent of Tonik Digital Bank Raises $131 Million in Series B Round

The company will use the funds to accelerate growth in the country.

The parent company of the Philippines’ Tonik Digital Bank has raised $131 million (about P6.73 billion) in its Series B funding round. Tonik Financial Pte Ltd said it will use the fresh funds to accelerate the growth of its digital bank in ...

Wealth

The BSP Has Issued the First Digital Bank License to a Purely Digital Bank

It’s a milestone for the Philippine operations of a Singapore-based neobank.

The Bangko Sentral ng Pilipinas (BSP) has received numerous applications for a digital bank license, but for the first time, it has granted one to a purely digital bank in the country. Tonik, a 100 percent digital-only bank whose holding company is based ...