Tonik Financial, controlling shareholder of Tonik Digital Bank, has raised US$12 million in Pre-Series C financing led by Diligent Capital Partners, with participation from Plio Limited, existing shareholder Altara Capital, and Tonik management.
The funding strengthens the regulatory capital position of Tonik Digital Bank under Bangko Sentral ng Pilipinas requirements and supports continued investment in Tonik's technology platform to accelerate customer acquisition, cross-sell, and automation.
Tonik enters the round with three years of profitability-driven scale, having grown its loan portfolio 15x to US$83 million, while annualized revenue has reached over US$40 million. The company delivers 25%+ risk-adjusted return on capital (RAROC), and its risk-adjusted gross margin expanded 4.5x in the past 12 months. Tonik achieved a positive contribution margin in late 2024.
"This round is about scaling with discipline. The model works and is ready for another 10x in the next two to three years." — Greg Krasnov, CEO of Tonik
Tonik's current trajectory points to cash-flow breakeven around the first half of 2026.
Source: TNGlobal
