Tonik Bank
Japan’s Mizuho Bank leads neobank Tonik’s $131M Series B
Mizuho Bank, one of Japan's largest banking groups, is the latest big backer of Philippine digital bank Tonik, leading its $131 million Series B round of funding.
Philippine neobank Tonik secures $100M in consumer deposits
Tonik, the Philippines' first digital-only neobank, has surpassed PHP5B ($100M) in consumer deposits, just eight months after its launch of commercial operations.
Striking while the iron is hot: The Philippine venture scene is heating up and getting hotter
TechNode Global’s series on the Philippines will delve into why Filipino entrepreneurs and founders are attracting venture capital (VC) money in droves. In this second part, we explore the rise in Series B (and now, C) fundraising rounds out of the Philippines in 2021, and what it signals for the startup ecosystem as a whole. Seven founders share how much…
Philippines to stop accepting digital bank applications for 3 years, caps licenses to 7
The Monetary Board decided to close the window for the submission of applications from new digital banks, including converting banks, starting August 31, 2021. This is in line with the overall thrust of maintaining a stable and competitive environment for banks.
