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.
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.
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.
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)
Victor Lim Jr.
Chief Operations Officer (Group)
Todd Esposito
Chief Financial Officer (Group)
Manoj Varghese
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
Lianne Asuncion
Country HR Head (PH)
Ed Joson
Chief Product Officer
Carlo Eric Sanchez
Head of Internal Audit
Our financial investor roster includes the “who’s who” of global and Southeast Asian fintech investing, including:
