Updated:
TONIK
Greg Krasnov's Tonik reached profitability as the Philippines' first standalone digital bank, originating over 1 million AI-underwritten consumer loans.
TONIK
Expect only fast, easy, and secure transactions from Tonik, a digital bank that offers services that actually help you save. Start neobanking now!
General information
Firm type
Family Office
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
Philippines
City
Taguig
Corporate office
Taguig, Metro Manila, Philippines
Principals
Greg Krasnov
Group CEO
Sector focus
Frequently asked questions
Who runs Tonik?
Greg Krasnov serves as Group CEO and founder. He consolidated leadership of the firm in 2024 after the retirement of Country President Long Pineda. Krasnov was previously a fintech operator and built Tonik as a greenfield digital bank.
What does Tonik's balance sheet actually fund?
Tonik deploys its deposit base into consumer lending products including unsecured personal loans, credit builder loans, and point-of-sale installment financing. The firm also offers retail time deposits that fund its lending operations.
Does Tonik originate loans entirely through its own underwriting?
Yes. As of 2024, Tonik completed its transition to AI-driven credit decisioning for its entire loan portfolio, indicating an in-house underwriting stack rather than reliance on third-party scoring or manual review.
Is Tonik a bank or a fintech?
Tonik holds a full digital banking license from the Bangko Sentral ng Pilipinas. It takes retail deposits insured by the PDIC and lends off its own balance sheet, making it a regulated bank rather than a non-bank fintech platform.
What is the geographic reach of Tonik's operations?
Tonik operates across the Philippines, with confirmed activity in Metro Manila, Cebu, and Mindanao. Its QRPH payment feature is accepted at over 675,000 merchants nationally, and its installment loans have completed a nationwide rollout.
Does Tonik accept external institutional capital?
Yes. The firm closed a $12 million pre-Series C equity round in February 2025, indicating reliance on venture and growth equity funding alongside its deposit franchise.
How is Tonik's underlying wealth structured?
Tonik does not publicly identify its founding wealth source or any single-family backing. The firm operates as a venture-funded institution with external equity from growth investors rather than a disclosed family office structure.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: