About Us

Tonik is a transformative digital bank on a mission to revolutionize the way money works in Southeast Asia.

We are addressing the US$140 billion retail deposit and US$100 billion unsecured retail lending opportunities in the Philippines. We believe the existing Filipino banking customers and the 70% of the Filipinos that remain unbanked deserve a better choice – a digital-only bank that is simple, not intimidating, helps them save, all at the click of a button. As the world leader in internet and social media usage, we believe Philippines is ripe for becoming a world leader in digital banking too.

We plan to make it happen. We provide retail financial products, including deposits, loans, savings accounts, payments, and cards on a highly secure digital banking platform.

Innovation is woven into the DNA of our company. We put customers first. We challenge the status quo. We are relentless. We are passionate about improving people’s financial lives through the use of technology.

Tonik is officially the Philippines’ first neobank to secure a digital bank license from the Bangko Sentral ng Pilipinas (BSP). Deposits are insured by the Philippine Deposit Insurance Corporation (PDIC).

Greg Krasnov

Founder & CEO

Serial fintech entrepreneur. Prior to tonik, co-founded 4 successful fintech startups in Asia, top fintech venture builder in SEA, and a leading consumer finance bank in Emerging Europe.

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Long Pineda

President & Country Manager - Philippines

Financial Inclusion veteran with 25 years of experience in the Philippines as well as the Global Emerging Markets. Prior to tonik, founder/CEO of Rizal Microbank, one of the top microfinance banks in the Philippines.

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Legal Structure

Our holding company, Tonik Financial Pte Ltd, is based in Singapore, and focuses on the product development and technology integration for our digital banking platform.

Our banking operations in the Philippines are conducted by our local subsidiary Tonik Digital Bank Inc, which is regulated by Bangko Sentral ng Pilipinas as a rural bank. In accordance with the local banking law, 40% of our local subsidiary is owned by local investors.

As Tonik Digital Bank Inc is a regulated bank entity, its deposits are insured by the PDIC.

 

Legal Structure



Tonik Digital Bank Philippines Statutory Disclosures:

Key Personnel

Our personnel possess deep expertise in banking and technology on a global basis, and include the following senior professionals:

Our staff operates out of three main hubs, in Singapore, Manila (Philippines), and Chennai (India).

Board of Directors

Greg Krasnov

Founder and CEO, Chairman of the Board

Todd Esposito

Chief Financial Officer (Group), Director

Ishan Sinha

Director

Senior Officers

Greg Krasnov

Founder and CEO

Long Pineda

President and Country Manager Philippines

Mila Bedrenets

Chief Commercial Officer (Group)

Arivuvel Ramu

Chief Technology Officer (Group)

Eugene Plotytsya

Chief Operations Officer (Group)

Todd Esposito

Chief Financial Officer (Group)

Weng Manalaysay

Chief People Officer (Group)

Nilotpal Borpujari

Chief Risk Officer (Group)

Our staff operates out of three main hubs, in Singapore, Manila (Philippines), and Chennai (India).

Board of Directors

Greg Krasnov

Chairman

Long Pineda

President

Todd Esposito

Director

Justin Liu

Director

Sunny Sevilla

Director

Luigi Bernas

Director

Nilotpal Borpujari

Director

Senior Officers

Long Pineda

President

Ramu Arivuvel

Chief Technology Officer (Group)

Bryan San Luis

Chief Financial Officer

Victor Lim Jr.

Chief Operations Officer

Joanne Siy

Chief Compliance Officer

Diana Mendoza

Chief Risk Officer

Weng Manalaysay

Chief People Officer

Ed Joson

Chief Product Officer

To-date, Tonik has raised over US$27M to realize its vision of bringing superior digital banking services to the Filipino consumers.

Our financial investor roster includes the “who’s who” of global and Southeast Asian fintech investing, including: