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The Philippines-Based Neobank Tonik Secures $17 Million in Pre-Series B Funding Round Led By iGlobal Partners

The Philippines-Based Neobank Tonik Secures $17 Million in Pre-Series B Funding Round Led By iGlobal Partners Tonik, a neobanking group based in the Philippines, announced on Tuesday it secured $17 million through its Pre-Series B investment round, which was led by iGlobal Partners with participation from Sequoia India, Altara Ventures, and Insignia Venture Partners, Citius, Baring Vostok Private Equity, and multiple Philippine family offices. The company has notably raised more than $44 million to date. Founded in 2018, Tonik claims to be the first neobank in the Philippines. It provides retail financial products, which include deposits, loans, current accounts, payments, and cards. “Innovation is woven into the DNA of our company. We put customers first. We challenge the status quo. We are relentless. We are passionate about improving people’s financial lives through the use of technology.”

Greg krasnovAmazon web servicesPhilippine deposit insurance corporationGlobal partnersSequoia indiaAltara venturesInsignia venture partnersBaring vostok private equityகிரெக் க்ரச்ணோவ்அமேசான் வலை சேவைகள்பிலிப்பைன் வைப்பு காப்பீடு நிறுவனம்உலகளாவிய கூட்டாளர்கள்சீக்வோயா இந்தியாஅல்ட்ரா முயற்சிகள்சின்னம் துணிகர கூட்டாளர்கள்

PH s first neobank Tonik raises $17m in pre-Series B funding

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Greg krasnovBangko sentralGroup stashPhilippine deposit insurance corporationSequoia indiaAltara venturesInsignia venturesBaring vostok capital partnersInsignia ventures partnersSolo stashPhilippine deposit insuranceகிரெக் க்ரச்ணோவ்குழு ஸ்டாஷ்பிலிப்பைன் வைப்பு காப்பீடு நிறுவனம்சீக்வோயா இந்தியாஅல்ட்ரா முயற்சிகள்

Transfers to Tonik now available via PESONet

Published April 27, 2021, 1:09 PM The Philippines’ first neobank Tonik is ramping up the convenient banking features on its game-changing app through tying up with PESONet to enable safe and secure electronic fund transfers to Tonik account from other banks. The announcement comes on the heels of Tonik’s highly successful public launch in March 2021, which saw it secure over 1 billion pesos (US$20M) in retail deposits in under 1 month – a historical record for any new bank launching in the Philippines. Tonik users are now able to transfer funds from a PESONet participating bank to their accounts. This service is initially available via RCBC, Landbank, PSBank and CIMB, with other PESONet member banks expected to add the service in the coming months.

Greg krasnovAmazon web servicesTonik digital bank incGroup stashPhilippine deposit insurance corporationFounder gregTonik digital bankகிரெக் க்ரச்ணோவ்அமேசான் வலை சேவைகள்டோனிக் டிஜிட்டல் வங்கி இன்க்குழு ஸ்டாஷ்பிலிப்பைன் வைப்பு காப்பீடு நிறுவனம்நிறுவனர் கிரெக்டோனிக் டிஜிட்டல் வங்கி

PDIC: Bank deposits nearly reach P15-T mark during pandemic year

PDIC: Bank deposits nearly reach P15-T mark during pandemic year
sunstar.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunstar.com.ph Daily Mail and Mail on Sunday newspapers.

Financial sector forumPhilippine deposit insurance corporationLong term negotiable certificatesநிதி துறை மன்றம்பிலிப்பைன் வைப்பு காப்பீடு நிறுவனம்நீண்டது கால பேச்சுவார்த்தைக்குட்பட்டது சிஇஆர்டிஐஎஃப்ஐசிஏடிஇஎஸ்

PDIC hikes deposit insurance fund to P216 billion

PDIC hikes deposit insurance fund to P216 billion
visayandailystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visayandailystar.com Daily Mail and Mail on Sunday newspapers.

Quezon cityPhilippine deposit insurance corporationFinance secretary carlos dominguezRoberto tanகயீஸந் நகரம்பிலிப்பைன் வைப்பு காப்பீடு நிறுவனம்நிதி செயலாளர் கார்லோஸ் டமிஂகெஸ்ரொபெர்டோ பழுப்பு