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SINGAPORE, Dec. 2, 2022 /PRNewswire/ Tonik Financial Pte. Ltd. (Tonik), the parent company of Tonik Digital Bank, Inc. in the Philippines, has entered into a landmark agreement with Tendo Payment Solutions Pte. Ltd. (Tendo) to acquire its Philippine business, operating under the brand name "TendoPay". This deal, which is subject to approval of relevant government authorities, is set to further cement Tonik's leading position in digital credit inclusion in the Philippines. Through the strategic acquisition of TendoPay, Tonik has now augmented its core lending portfolio while integrating payroll-enabled financial services into its operations. "Tonik's acquisition of TendoPay is a testament of our passion for accelerating financial and credit inclusion in the Philippines. By delivering mass-market digital credit products that are accessible, affordable, and easy-to-use, Tonik will expand the ways in which it helps Filipinos manage their financial future," said

Kacper marcinkowskiGreg krasnovTendo payment solutions pteTonik digital bank incTonik financialTonik digital bankTendo payment solutionsTonik founderDec 2022 prnewswire tonik financial pte ltdHe parent company of tonik digital bankNc in the philippinesAs entered intoa landmark agreement with tendo payment solutions pte ltd to acquire its philippine businessPerating under the brand name quot tendopay this dealHich is subject to approval of relevant government authoritiesS set to further cement tonik 39s leading position in digital credit inclusion the philippines through strategic acquisition of tendopay