TONIK

What TONIK does

Tonik Digital Bank, Inc. is a Philippines-licensed, mobile-first neobank operating under the first standalone digital banking license issued by Bangko Sentral ng Pilipinas (BSP License No. 001). Incorporated in 2018 and launched commercially in March 2021, the company is headquartered in Singapore (Tonik Financial Pte. Ltd.) with operations in Pasig City, Philippines and an engineering center in Chennai, India. Tonik serves unbanked and underbanked Filipino consumers through an integrated suite of digital savings products (Tonik Account with up to 6% p.a. interest, Time Deposits at 5.5%, Solo Stash, and Group Stash), a Mastercard debit card, zero-fee QRPh payments across 675,000+ merchants, and a lending portfolio spanning Credit Builder Loans, Cash Loans, Upsell Loans, and BNPL Shop Installment Loans distributed through a network of nearly 400 employer partners and 500+ retail outlets.

The technology stack is a digital-only, mobile-first platform built on Finastra's lending infrastructure, integrated with Credolab and PowerCred for alternative-data credit scoring, Nice Actimize for AML and fraud, Genesys Cloud CX for service operations, BPC for payment processing, and Mastercard for card issuance. A full-stack AI credit decisioning engine, completed in October 2025, underwrites all loan decisions using credit bureau, telco, behavioral, and socioeconomic data, with biometric (facial and voice) identity verification and automated loan lifecycle management. The Tendo by Tonik sub-brand (Templetech Finance Corp.) extends the platform into B2B2C payroll-linked lending across nearly 400 employer partners including Concentrix, and a wholly owned subsidiary TendoPay (acquired December 2022) adds BNPL and personal finance capabilities.

Tonik's business model is credit-led: approximately 99% of revenue is generated from interest and fees on its $110M loan portfolio, supplemented by transaction fees and net interest margin on PDIC-insured deposits. The company achieved sustained profitability in Q1 2026, the first standalone digital bank in the Philippines to do so, generating an annualized revenue run-rate of approximately $60M while growing the loan portfolio 2.3x year-on-year and crossing 1M cumulative loans disbursed. Total funding raised to date is approximately $143M, led by Mizuho Bank (Series B lead and ~10% holder), and the company is pursuing a potential public listing on the Tokyo Stock Exchange through the Japan Exchange Group's TSE Asia Startup Hub program.

Name

TONIK

Legal name

Tonik Digital Bank, Inc.

Website

https://tonikbank.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Tonik is a Philippines-licensed digital neobank offering mobile-first savings accounts, consumer loans, BNPL, and payments to unbanked and underbanked Filipinos, with lending representing 99% of revenue and over 1 million cumulative loans disbursed since 2021.

Ownership category

akta.pro rank

Product category

Digital Banking

NAICS

Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

Commercial Banks, Nec (6029), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Digital Banking & Neobank Platforms (BPAMAFAD)

akta.pro secondary industries

Crypto/Web3 Neobanks (FSABAFAG), BNPL Platform Infrastructure (APIs, Orchestration, Merchant Tools) (FSAKACAE), Buy Now, Pay Later (BNPL) (CRAFALAD)

Keywords

• Digital banking
• Consumer lending
• Mobile neobank
• Savings deposits
• Buy now pay later

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Lending/Interest Income: Primary revenue stream from unsecured consumer loans including Credit Builder Loans, Cash Loans, Shop Installment Loans (BNPL), and Upsell Loans. 99% of revenue derived from lending activities. Loan portfolio grew to $110 million with 2.3x year-on-year growth.
2. Transaction/Fee Income: Income from transaction fees including ATM withdrawals, fund transfers via PESONet and InstaPay, and other banking service charges.
3. Deposit-Taking: Interest-earning deposits including Tonik Account (savings), Time Deposits, Solo Stash, and Group Stash. Deposits insured by PDIC up to ₱1 Million per depositor.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Tonik is a digital-only neobank that offers retail deposit products (Tonik Account savings, Solo/Group Stash, Time Deposit), Mastercard debit cards, and QRPh payments via a mobile app. Its primary revenue driver (~99%) is unsecured consumer lending, encompassing Credit Builder Loans, Cash Loans, Shop Installment Loans (BNPL), Upsell Loans, and Tendo payroll-linked loans distributed through an employer B2B2C channel.

Product overview

Tonik Digital Bank operates the Philippines' first standalone digital banking license (BSP License No. 001) as a mobile-first neobank offering an integrated suite of deposit, lending, payments, and insurance products through its Tonik App. The core platform centers on the Tonik Account (savings) as the anchor product, supplemented by savings vehicles (Solo Stash, Group Stash, Time Deposit), a Mastercard debit card, and QRPh payment capabilities. Lending is the primary revenue driver (99% of revenue), encompassing Credit Builder Loans, Shop Installment Loans (SIL/BPNL), Cash Loans, Upsell Loans, and Tendo payroll loans distributed via an employer B2B2C channel. The Tendo platform and its Tendo Stash product extend Tonik's reach into payroll-enabled financial wellness at partner employers. A full-stack AI credit decisioning engine powers all lending decisions using both traditional and alternative data sources.

Differentiator

Problem solved

Functional benefit

Brands

• Tendo by Tonik: Payroll-enabled financial services platform offering payroll loans, buy now pay later, and personal finance tools. Operated by Templetech Finance Corp., Tendo provides employer-channel lending and workplace financial wellness solutions.
• TendoPay

Products and services

• Tonik Digital Banking App Mobile-first digital banking application that lets individual Filipino customers open savings accounts, apply for loans, make QRPh payments, and manage finances entirely from their phone.
• Tonik Account (Savings) Primary savings account offering up to 6% p.a. interest, holding up to 5 Stashes and 5 Time Deposit accounts per user, with free Mastercard ATM withdrawals and PDIC insurance up to PHP 1M.
• Solo Stash Individual savings vault offering 4% annual interest, allowing customers to organize and grow savings with higher returns than the regular savings account.
• Group Stash Group savings vault allowing multiple Tonik customers to save collectively toward shared financial goals.
• Time Deposit Fixed-term deposit product offering up to 5.5% annual interest rate for funds locked over a specified period.
• Tonik Debit Card (Mastercard) Mastercard debit card for ATM cash withdrawals and point-of-sale transactions, with 3D Secure (SecureCode) fraud protection, card lock controls, and online transaction management.
• Credit Builder Loan Unsecured personal loan of up to PHP 50,000 designed to help customers establish or improve creditworthiness.
• Shop Installment Loan (BNPL) Point-of-sale BNPL installment loan for purchasing appliances, furniture, and consumer goods at partner retail stores, disbursed to the customer or directly to the merchant.
• Cash Loan Unsecured multi-purpose cash loan providing quick and affordable credit to individuals, with loan amounts from PHP 5,000 to PHP 50,000 based on customer eligibility.
• Upsell Loan Unsecured multi-purpose loan for existing Tonik customers with prior loan history, offering higher loan amounts from PHP 5,000 up to PHP 250,000.
• Tendo by Tonik (Payroll Loans) Employer-channel B2B2C lending platform offering payroll-linked loans to employees of partner companies (nearly 400 employers including Concentrix), disbursed and repaid via salary deductions.
• QRPh Payments National QR payment interoperability service enabling zero-fee QR payments across 675,000+ merchants using the Philippine QR standard.
• Insurance Products (PPI / Mortgage Redemption) Payment Protection Insurance (PPI) bundled with loans providing life and disability coverage, Mortgage Redemption Insurance for secured loans, and Payment Holiday (PayHinga) feature allowing deferral of installments.

Quantifiable outcome

• First standalone digital bank in Philippines to achieve profitability (Q1 2026)
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability8 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered flagship and core.

• Tendo Payment Solutions Pte. Ltd. (TendoPay)flagshipStrategic or Co-development Partner · 5 December 2022Tonik announced acquisition of TendoPay's Philippine operations to strengthen digital credit position and expand payroll-enabled financial services. Integration adds BNPL and personal finance tools to Tonik's services. Subject to regulatory approval.
• Templetech Finance Corp. (Tendo)flagshipStrategic or Co-development PartnerAffiliate company operating Tendo Platform for payroll loans. Tonik's payroll loan product issued via Tendo platform with salary deductions through employer partnerships. B2B2C distribution reaching nearly 400 employers.
• ConcentrixcoreChannel Partner/ Reseller/ DistributorPhilippines' largest private employer partnered with Tendo by Tonik to offer workplace financial wellness benefits including payroll-linked loans to Concentrix employees.
• Purple Hub Inc. (PHI)coreChannel Partner/ Reseller/ DistributorPartner for Shop Installment Loans (BNPL). PHI and its Promoters promote and accept SIL applications at various retail stores. Verifies government IDs during application without retaining data.
• Robinsons AppliancescoreChannel Partner/ Reseller/ DistributorMajor retail chain partnership for accessible financing through Shop Installment Loans (BNPL) at Robinsons Appliances stores nationwide.
• FinastracoreTechnology or IntegrationGlobal financial technology company providing digital lending platform technology. Tonik recognized at TAB Global Awards 2026 for digital lending in partnership with Finastra.
• MastercardcoreTechnology or IntegrationCard network providing Mastercard SecureCode (3D Secure) for fraud prevention in online payments, and debit card issuance through Tonik's digital bank.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• GCash (Globe Fintech Innovations): GCash is the Philippines' dominant e-wallet and consumer finance super-app, offering savings, lending (GCredit, GLoan), payments, and cards. It is the highest-scale digital financial services competitor in Tonik's home market.
• Maya (formerly PayMaya): Maya is the Philippines' largest digital bank by deposits, offering a similar integrated suite of deposits, payments, lending, and cards via a mobile app. Operates under a separate BSP digital banking license and is the most direct head-to-head competitor to Tonik.
• UnionDigital Bank: UnionDigital Bank is a Philippine standalone digital bank launched by UnionBank, offering deposits, loans, and business banking via mobile app. Competes directly with Tonik under the same BSP digital banking license framework.

Emerging players

• Overseas Filipino Bank (OFBank): OFBank is a Philippine digital-only bank affiliated with the Philippine Postal Savings Bank, focused on overseas Filipino workers. Competes with Tonik for the same unbanked/underbanked deposit and lending segments.
• GoTyme Bank: GoTyme is a Philippine digital bank joint venture combining a banking license with an in-person kiosk model, offering deposits, cards, and consumer lending. Part of the same competitive set of BSP-licensed digital banks.

Broad incumbents

• WeBank: WeBank is China's largest digital-only bank, a Tencent-affiliated incumbent with AI-driven credit decisioning. Comparable in business model (mobile-first, AI-led lending to underserved segments) though operating at materially larger scale.
• Kakao Bank: Kakao Bank is Korea's largest internet-only bank and a publicly listed regional benchmark for digital banking at scale. Useful comparable for valuation and product mix benchmarking for Tonik's eventual IPO trajectory.

Regional players

• Atome: Atome is a leading SEA BNPL provider operating in the Philippines, Singapore, and other markets. Comparable to Tonik's Shop Installment Loan (BNPL) merchant-distributed installment product at retail partners.
• Akulaku: Akulaku is a Southeast Asia BNPL and digital lending platform with strong presence in Indonesia and the Philippines. Comparable to Tonik's Shop Installment Loan (BNPL) product line and alternative-data underwriting approach.
• Jenius (Bank SMBC Indonesia): Jenius is an Indonesian digital banking proposition from Bank SMBC offering mobile-first savings, payments, and lending. Closely comparable regional peer for benchmarking Southeast Asian neobank unit economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/tonikbank
• YouTubeyoutube.com/channel/UCH8gP9wBulvoAeVfM1X4XpA
• Facebookfacebook.com/tonikbank1
• LinkedInlinkedin.com/company/tonikbank
• Instagraminstagram.com/tonikbank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

Funding overview

Funding rounds7 records

Investors19 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TONIK