# Tonik Digital Bank

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tonik-digital-bank

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.tonikbank.com
- Total disclosed funding: $158M
- Latest round: Series B (Feb 28, 2022)
- Investors on record: 16

## About

Based in Singapore, founded in 2018, Tonik Digital Bank, Inc. is a digital banking institution. The bank targets underserved segments in the market by providing digital banking services. The company was founded by Greg Krasnov (CEO as of 2026). In June 2026, Tonik Digital Bank, Inc. has raised a pre-series C funding from Toloka and K2 Investment Partners.

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.

The company plans to use the June 2026 funding to expand its digital banking operations and grow lending services in the Philippines.

## Funding rounds

- Series B, Feb 28, 2022, $131M — Hong Shan, Kraft, iGlobe Partners, Mizuho Bank, Altara Ventures, Alpha JWC Ventures, Point72 Asset Management, Prosus Ventures, Insignia Ventures Partners, Sixteenth Street Capital, Nuri Holdings, Blauwpark Partners, Citius Capital
- Series A, Mar 26, 2021, $22M — Hong Shan, Altara Ventures, Point72 Asset Management, Insignia Ventures Partners
- Seed, Mar 31, 2020, $5.3M — Altara Ventures, Fintonia Group, Insignia Ventures Partners, Blauwpark Partners, Oak Drive Ventures, Kan Investments

## Investors

- Altara Ventures (https://capitalatlas.ai/funds/altara-ventures) — Seed, Series A, Series B
- Fintonia Group — Seed
- Insignia Ventures Partners (https://capitalatlas.ai/funds/insignia-ventures-partners) — Seed, Series A, Series B
- Blauwpark Partners (https://capitalatlas.ai/funds/blauwpark-partners) — Seed, Series B
- Oak Drive Ventures (https://capitalatlas.ai/funds/oak-drive-ventures) — Seed
- Kan Investments — Seed
- Hong Shan — Series A, Series B
- Point72 Asset Management — Series A, Series B
- Kraft — Series B
- iGlobe Partners (https://capitalatlas.ai/funds/iglobe-partners) — Series B
- Mizuho Bank — Series B
- Alpha JWC Ventures (https://capitalatlas.ai/funds/alpha-jwc-ventures) — Series B
- Prosus Ventures (https://capitalatlas.ai/funds/prosus-ventures) — Series B
- Sixteenth Street Capital — Series B
- Nuri Holdings — Series B
- Citius Capital — Series B