Tonik Financial raised $12 million in Pre-Series C funding led by Diligent Capital Partners to strengthen the capital of its digital-only bank, Tonik Digital Bank, and enhance technology-driven growth in the burgeoning Philippine fintech market.

Target Information

Tonik Financial, the controlling shareholder of Tonik Digital Bank, has successfully raised $12 million in Pre-Series C funding, spearheaded by Diligent Capital Partners. As the Philippines' first licensed digital-only bank, Tonik has demonstrated substantial growth over the past three years, achieving profitability-driven scale. The bank's loan portfolio has expanded 15-fold, reaching $83 million, while annualized revenue now exceeds $40 million. By leveraging advanced artificial intelligence, Tonik has enhanced its credit scoring and collection processes, resulting in a positive contribution margin since late 2024.

This funding round, which also saw participation from Plio Limited, existing shareholder Altara Capital, and Tonik's management, is critical for strengthening the bank's regulatory capital position as mandated by the Bangko Sentral ng Pilipinas. The investments will enable Tonik to enhance its technology platform, further accelerating customer acquisition, cross-selling opportunities, and overall automation efforts.

Industry Overview in the Philippines

The fintech landscape in the Philippines is rapidly evolving, driven by a growing demand for accessible financial services among underserved populations. As a Southeast Asian country with a burgeoning digital economy, the Philippines presents significant opportunities for