| Founded | 2018 |
|---|---|
| Closed | 2024 |
| Country | Philippines |
| Sector | Fintech |
| Total raised | $131M |
| Collapse type | Slow Death |
| Founder | Greg Krasnov |
Tonik
"The Philippines' first digital bank raised $131M and found Southeast Asian neobank economics nearly impossible"
Years-long decline before final shutdown
Key Events Timeline
Tonik was the first fully licensed digital-only bank in the Philippines, founded in 2018 and receiving its banking license from the Bangko Sentral ng Pilipinas in 2020.
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