Philippines' Tonik Digital Bank Raises $12 Million Pre-Series C to Scale Lending

Tonik Financial, the controlling shareholder of Tonik Digital Bank, the Philippines' first licensed digital-only bank, has raised $12 million in a Pre-Series C funding round led by Diligent Capital Partners, with participation from Plio Limited, existing shareholder Altara Ventures and Tonik management. The round was announced on 4 December 2025. Tonik said it had grown its loan portfolio 15-fold to US$83 million over three years, with annualised revenue above US$40 million, and that it expects to reach cash-flow breakeven around the first half of 2026.

USE OF FUNDS

The Pre-Series C round is intended to fund the continued scaling of Tonik's lending operations in the Philippines. Diligent Capital Partners led the raise.

LICENCE

Tonik describes itself as the Philippines' first digital-only bank and operates under a digital bank licence from the Bangko Sentral ng Pilipinas, issued under the framework the central bank introduced to bring new competitive entrants into the sector.