GenTwo, a Swiss-based B2B Fintech platform specialized in securitization of bankable and non-bankable assets, announced today that it has raised a USD 15 million Series A led by US-based Point72 Ventures.
MANILA, Philippines, June 6, 2023 /PRNewswire/ Tonik, the Philippines' pioneering all-digital bank, is proud to announce that it has surpassed a significant milestone by onboarding over one million clients since its inception. This achievement illustrates the bank's successful contribution to improving financial inclusion in the country, while highlighting the emerging trend of digital banking in the region. Tonik Hits 1M Customers "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," said Greg Krasnov, CEO and Founder of Tonik. "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." Since its launch, Tonik has been committed to reshaping the traditional banking landscape by leveraging cutting-edge technology and a customer-focused approach to democ
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
MANILA, Philippines, Nov. 9, 2022 /PRNewswire/ Tonik, the Philippines' first neobank, continues to accelerate financial and credit inclusion with the launch of its two new lending products, Flex Loan and Big Loan. Building on the success of its all-digital savings portfolio and successful launch of its first lending product, Quick Loan, the new products are set to position Tonik as among the pioneering digital lenders in the country with loans catering to every need. Quick, convenient, and coupled with fixed low-interest rates, Flex Loan empowers customers with both freedom and flexibility to chase their dream purchases and experiences perfect for the start of another year. Tonik's best priced unsecured loan yet, Flex Loan offers 2.49% monthly interest for up to 24 months, for a loan as much as Php 250,000. No collateral is needed as employed customers would only need to provide their latest bank statement and proof of income. A home equity type of loan, Big Loan offers a one
MANILA, Philippines, Sept. 1, 2022 /PRNewswire/ Tonik, the country's first neobank, continues to be every Filipino's partner to easy, stress-free, and accessible banking through its BillsPay feature. Available through the Tonik app, BillsPay enables users to seamlessly pay their bills on time, without the hassle of long queues and even at the comfort of their own homes - all through a few taps on their mobile phone. "With Tonik at the forefront of fintech in the Philippines, we are constantly expanding our product offerings to cater to all the financial challenges Filipinos face on a daily basis as we accelerate financial inclusion," explains Founder & CEO Greg Krasnov. "Going through the pressures of monthly dues often creates tremendous stress for our users, but we make it our goal to help them remain on top of their finances. Now, through BillsPay, we offer an easier way to settle your bills at your own convenience." Made possible in partnership with