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Tonik raises $21 million to launch digital bank in the Philippines – TechCrunch

A wave of digital banks, or neo-banks, has flourished in recent years in Western nations as people begin to flee megabanks. While most of these startups are yet to prove they can turn a profit, entrepreneurs are beginning to replicate similar ideas in South Asian markets, where most people don’t hav…

  1. Tonik raises $21 million to launch digital bank in the Philippines  TechCrunch
  2. Singapore digibank Tonik raises $21m to launch in the Philippines this year  Tech in Asia
  3. SG’s Tonik Financial closes Series A at $21m, to launch digital bank in PH  DealStreetAsia
  4. Philippines’ Digital-Only Bank Tonik Raises $21M Series A Led by Sequoia India and Point72  Fintech News Singapore
  5. Digital bank Tonik raises US$21m in Series A funding  Business Times