Tonik Digital Bank

Tonik Digital Bank was founded by serial entrepreneur Greg Krasnov, who first pitched the concept to the Bangko Sentral ng Pilipinas in 2018 before formally launching commercially in the Philippines in February 2021 — becoming Southeast Asia’s first all-digital “neobank,” operating under its own BSP bank license with deposits insured by the Philippine Deposit Insurance Corporation.

In Q1 2026, Tonik posted consolidated positive cash net income, according to a BusinessWorld report — making it, per that reporting, the first standalone Philippine digital bank to reach profitability without an e-wallet or telco parent underwriting its balance sheet (unlike Maya Bank or the state-linked Overseas Filipino Bank, the only other two profitable BSP-licensed digital banks at that point).

Tonik’s strategy centers on consumer lending with AI-assisted underwriting rather than broad, subsidized user acquisition — the bank has said a loan client generates roughly 20 times the revenue of a payment-only user. Its loan portfolio has grown to roughly $110 million with a revenue run rate past $60 million, and it raised a $12 million pre-Series C round in December 2025 to keep scaling that lending book.

Many Filipino consumers lack easy access to fast, fairly priced consumer credit, and most digital banks without a telco or e-wallet parent have struggled to reach profitability on their own.

Filipino retail banking customers, with a particular focus on consumers seeking savings products and, especially, accessible personal loans.

Tonik is reported as the first standalone (non-telco, non-e-wallet-backed) Philippine digital bank to reach profitability, achieved by leaning into AI-assisted underwriting for consumer lending rather than the subsidized broad user-acquisition strategy many digital banks pursue.