Philippines’ digital bank Tonik announced that it has onboarded over one million customers since its inception.
Tonik said that its seamless onboarding process, wide range of financial products, and innovative services have played a significant role in driving its growth.
Since its launch, Tonik has aimed to provide Filipinos, particularly those previously underserved by traditional banking institutions, with accessible, secure, and user-friendly digital banking services.
The digital bank added that it will continue to innovate and enhance its digital offerings to better serve the diverse needs of the Philippine market.
Greg Krasnov
“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.
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.”
said Greg Krasnov, CEO and Founder of Tonik.
About Tonik
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).
