Tonik
First PH neobank license.
- Who holds it
- The company itself — it holds a full banking licence — PH digital bank license.
- The ledger
- The bank’s own core ledger.
- If it fails
- A covered-deposit payout through the local scheme, up to its limit.
Derived from Tonik’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional |
| AI | AI underwriting in production |
| HQ | Manila, PH |
| Founded | 2018 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | PH digital bank license |
| Card | MC · Debit |
| Yield | Up to 6% time deposits |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Asia |
| Countries | Philippines |
| Founders | Greg Krasnov |
| Funding | ~$140M+ raised |
Verified links: official site ↗ · terms ↗ · privacy ↗ · @TonikBankPH ↗
Common questions about Tonik
What is Tonik?
Tonik is a fiat neobank, headquartered in Manila, PH and founded in 2018. Your money is held custodially, so Tonik or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (PH digital bank license).
Does Tonik have a card, and where can you use it?
It issues a Mastercard debit card. It is available in Asia.
Does Tonik require KYC?
Yes. Tonik requires identity verification (KYC) to open an account, as a licensed bank.
What does Tonik cost?
From the verified fields: yield Up to 6% time deposits. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Tonik before relying on them.
Early investors
Peers
Wise · KakaoBank · WeBank · bKash · Maya · GCash
Tonik appears in
Neobanks that hold their own banking license (132) · Neobanks available in Asia (132) · Neobanks that issue a Mastercard (150) · Neobanks in Philippines (6)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.