Amount Raised
$131 Million
Round Type
Series B
Description
Tonik Financial Pte Ltd ("Tonik"), the parent company of Tonik Digital Bank in the Philippines, announced today that it closed a US$131M round of Series B equity funding. The round was led by Mizuho Bank, which is one of the largest Japanese banking groups and a Top 10 bank by assets in Asia Pacific region, active in the Philippines since 1981. Other significant new investors in the round included Prosus Ventures (formerly Naspers Ventures), the co-founder of DST Partners Rahul Mehta, as well as a Singapore investment fund Sixteenth Street Capital and Indonesian family office Nuri Group.
Quick answer
Tonik raised $131 Million in a Series B round, dated February 9, 2022.
- How much did Tonik raise?
- Tonik raised $131 Million in a Series B round on February 9, 2022.
- What does Tonik do?
- Tonik is the first digital-only neobank in the Philippines, operating under a full banking license from the Bangko Sentral ng Pilipinas (BSP).
- Where is Tonik based and how big is it?
- Fundz records about 550 employees.
- Who are the decision-makers at Tonik?
- Fundz holds 2 contacts at Tonik, including the Founder. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Professional Services and Financial Services around the same time
Companies in the same sectors as Tonik that raised within 45 days of this round, from Fundz verified event records.
- Alkami Technology raised an undisclosed amount (Funding Round) on February 8, 2022.
- Mercantile Bank raised $15M (Debt Financing) on January 14, 2022.
- HSBC raised an undisclosed amount (Debt Financing) on March 24, 2022.
- ClearBank raised $230M (Funding Round) on March 18, 2022.
- Jupiter raised $203K (Pre-Seed) on March 15, 2022.
- Jupiter raised $22M (Funding Round) on March 14, 2022.
Who to call at Tonik, and when
A new round usually means Tonik is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Tonik raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Tonik, from your own LinkedIn network
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Fundz sees it the moment Tonik raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Funding Insights
What this usually meansTonik raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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