Tonik Hits 1M customers

man holding phone showing Tonik reaching 1 million customers
man holding phone showing Tonik reaching 1 million customers

We did it, luv. And we couldn’t have done it without you.

We at Tonik are proud to announce that we have successfully onboarded over 1 million users since we launched in March 2021. This is such a momentous occasion for us because it is solid proof of our significant contribution to improving financial inclusion in the country as the first digital bank licensed by the Bangko Sentral ng Pilipinas.

"We are thrilled to celebrate this momentous milestone, as it stands as a testament to the robust customer-centric model that Tonik has to offer," says Tonik CEO and Founder Greg Krasnov. “Achieving one million onboarded clients in such a short span is a validation of the growing trust and confidence of the Filipino community in our digital banking services."

This milestone is such an important development not just for the banking sector, but also for the entire country, where nearly half of the adult population remains unbanked. We at Tonik have made it possible by using cutting-edge technology and a customer-focused approach where we prioritize our users’ needs above all else. This is reflected in everything we do, from our product offerings all the way to our accessible, secure, and user-friendly app.

“Financial inclusion has always been at the heart of our mission,” says Greg. “We are proud to be part of the solution in bridging the gap for those who previously had limited access to banking services. Through Tonik, we are enabling more Filipinos to manage, save, and grow their money in a manner that is most convenient for them.”

But of course, our work has only just begun.

We at Tonik promise to continue to innovate and enhance our offerings to better serve you, luv. We are committed to bringing modern and convenient banking closer to more and more Filipinos and create a more inclusive and financially empowered nation.

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About Tonik

Tonik is the first digital-only neobank in the Philippines, providing loan, deposit, and payment products to consumers on a highly secure digital banking platform. The neobank operates based on the first digital bank license issued by the Bangko Sentral ng Pilipinas (BSP).

Tonik is led by a team of retail finance veterans who have previously built and scaled multiple retail banks and fintechs across global emerging markets. It is backed by top international investors, including Sequoia India, Point72 Ventures, and Mizuho Bank. Tonik’s tech stack is integrated in partnership with world-class banktech vendors including Mastercard, Finastra, Amazon Web Services, Google, Genesys and Daon. Tonik operates out of hubs in Singapore (HQ), Manila, and Chennai.

For media contact:
Nix Policarpio