Home / Business and Economy / Tonik Bank Secures $12M for Digital Expansion
Tonik Bank Secures $12M for Digital Expansion
4 Dec
Summary
- Tonik Digital Bank raised $12 million in Pre-Series C financing.
- The funding strengthens its regulatory capital and technology platform.
- The bank has grown its loan portfolio 15x to $83 million.
Tonik Financial, the controlling shareholder of Tonik Digital Bank, has successfully raised US$12 million in Pre-Series C financing. The round was spearheaded by Diligent Capital Partners, with significant contributions from Plio Limited, existing investor Altara Capital, and Tonik management. This strategic funding is earmarked to reinforce the bank's regulatory capital position, in line with Bangko Sentral ng Pilipinas requirements.
The investment will also fuel further enhancements to Tonik's technology infrastructure, aiming to accelerate customer acquisition, optimize cross-selling strategies, and drive automation across its operations. Tonik has achieved notable profitability-driven scale over the past three years, increasing its loan portfolio fifteenfold to US$83 million and generating over US$40 million in annualized revenue.
Tonik's robust technology and distribution network, powered by an AI risk engine and a B2B2C model, positions it strongly in the underserved Southeast Asian consumer finance market. The bank anticipates reaching cash-flow breakeven in the first half of 2026, reflecting its efficient operations and strong unit economics.
