Tonik Digital Bank, Inc.

Tonik Digital Bank, Inc. , established in 2018 in Singapore, operates as a digital bank focusing on innovative banking solutions, primarily serving the Philippines with plans for regional expansion. Tonik Digital Bank, Inc. is a digital banking institution headquartered in Singapore, founded in 2018 by Greg Krasnov and Pawan Bahuguna.

The bank targets underserved segments in the market by providing digital banking services. In December 2025, Tonik Digital Bank, Inc. Ltd USD 12 million in pre series C funding led by new investor Diligent Capital Partners, with participation from another new investor Plio Limited. Returning investors Altara Ventures, Tonik Digital Bank, Inc.

, Mizuho Bank, Insignia Ventures, Peak XV Partners, Point72 and other unspecified investors also participated in the round. This funding round brought the total amount raised to USD 131 mn and positioned the company's current valuation at USD 552. 68 mn. Tonik Bank offers a comprehensive suite of financial products that includes competitive savings accounts, time deposits, and a unique credit building service.

Their flagship offerings feature a Time Deposit account with a 6% annual interest rate and a Stash option, providing 4% on deposits. The bank's services are tailored for tech-savvy consumers aiming to manage their finances efficiently in an increasingly digital world, with a focus on enhancing the banking experience for users across the Philippines and expanding into Southeast Asian markets. In the most recent financial year of 2023, Tonik Bank reported a revenue of USD 13,242,261 and an EBITDA of USD -28,646,098. The bank's revenue strategies are centered around interest income from deposits and transaction fees, facilitated through its mobile platform, enabling a seamless banking experience for its customers.

Tonik Digital Bank, Inc. plans to leverage its recent funding of USD 12 mn, acquired in December 2025, to support regulatory requirements and invest in its technology platform to expand customer adoption and operational automation. Future initiatives include launching new financial products designed to enhance customer engagement and expanding its geographical reach beyond the Philippines into additional Southeast Asian markets, including Singapore and India. The ongoing development will focus on refining their service offerings to meet the growing demands of consumers in a digital-first banking environment.