When was TONIK founded?

TONIK was founded in 2018 and raised its 1st funding round 2 years after it was founded.

Where is TONIK located?

TONIK is headquartered in Singapore, Singapore. It is registered at CECIL STREET, Singapore, 69535.

Who is the current CEO of TONIK?

Krasnov Grygorii of TONIK. They have also founded 1 company.

Which legal entities is TONIK associated with?

TONIK is associated with TONIK FINANCIAL PTE. LTD. and 1 other.

How many employees does TONIK have?

As of Aug 31, 2026, the latest employee count at TONIK is 551.

Is TONIK a funded company?

TONIK is a funded company, having raised a total of $187M across 6 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Feb 24, 2020.

When was the latest funding round of TONIK?

TONIK's latest funding was a $***** Series B round on Jun 08, 2026, with participation from 1 investor.

Where does TONIK rank among its competitors?

TONIK ranks 2nd amongst 44 active competitors, of which 8 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Slice, which secured $100M in Sep, 2026.

Who are the top competitors of TONIK?

TONIK's top competitors include Revolut, Slice and Paytm Payments Bank. Among them, Slice secured the most recent funding round in September, 2026.

TONIK - 2026 Company Profile, Team, Funding & Competitors

TONIK is a series B company based in Singapore (Singapore), founded in 2018 by Krasnov Grygorii and Bahuguna Pawan. It operates as a Provider of digital banking services including savings accounts and loans. TONIK has raised $187M in funding from investors like IGlobe Partners, Credence Partners and Point72 Ventures. The company has 44 active competitors, including 8 that are funded. Its top competitors include companies like Revolut, Slice and Paytm Payments Bank.

Company Details

Provider of digital banking services including savings accounts and loans. This institution offers interest-bearing deposit accounts, time deposits, and various credit products. Customers manage financial transactions through a mobile application that includes security features for online payments and identity verification. The business model focuses on providing accessible financial tools for personal savings and borrowing needs.

Website: tonikbank.com
Social
Email ID: *****@bsp.gov.ph
Phone Number: +63 **********
Registered Address: CECIL STREET, Singapore, 69535

Key Metrics

Founded Year

2018

Location

Singapore, Singapore

Stage

Series B

Total Funding

$187M in 6 rounds

Latest Funding Round

Series B, Jun 08, 2026, $*****

Investors

IGlobe Partners & 50 more

Ranked

2^nd among 44 active competitors

Employee Count

551 as on Aug 31, 2026

Investment & Acquisitions

Tendopay

Similar Companies

N26 & 275 more

View TONIK's full profile

TONIK is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
TONIK FINANCIAL INDIA PRIVATE LIMITED CIN: U65993TN2021FTC143729 , India, Active	May 27, 2021	₹10 - ₹50 Cr (As on Mar 31, 2025)	103 (As on Feb 01, 2026)
TONIK FINANCIAL PTE. LTD. UEN: 201831266N , Singapore, Active	Sep 12, 2018	-	-

TONIK has raised a total funding of $187M over 6 rounds. Its first funding round was on Feb 24, 2020. Its latest funding round was a Series B round on Jun 08, 2026 for $*****. 1 investor participated in its latest round. TONIK has 38 institutional investors and 13 angel investors.

Here is the list of recent funding rounds of TONIK:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 08, 2026	4634474	Series B	6358139	7494500	1215552	2840971
Dec 04, 2025	4966363	Series B	1812900	7169324	2706642	Altara Ventures
Feb 09, 2022	8645363	Series B	7388197	4610451	Mizuho Financial Group	Rahul Mehta & 10 more

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View details of TONIK's funding rounds and investors

The founders of TONIK are Krasnov Grygorii and Bahuguna Pawan.

Here are the details of TONIK's key team members:

Krasnov Grygorii: Co-Founder & CEO of TONIK and founder of 3 other companies, Platinum Bank, Pera247 and AsiaKredit. They serve on the boards of 2 companies.
Bahuguna Pawan: Former Co-Founder of TONIK. They serve on the board of 1 company.
Contact Info: 1 email address

TONIK's Board of Directors

TONIK's board has 5 active members. Krasnov Grygorii and Todd M Esposito are part of team and Carson Adam Kagan, Mark Iwashko and Hiroshi Kato are independent board members.

Here is the list of TONIK's board of directors:

Name	Type	Representing	Status	Duration
Krasnov Grygorii	Team	-	Current	7y 0m
lxcglju	Team	-	Past	3y 5m
wbz{jcb	Team	-	Current	9y 8m
qnugeuj	Investor	e{vcwhz	Past	5y 8m
Carson Adam Kagan	Independent board member	-	Current	5y 7m
td{vvmv	Independent board member	-	Current	4y 4m
thbxrom	Independent board member	-	Current	1y 8m
jrokrdl	Independent board member	-	Past	8y 3m
ovmugdm	Independent board member	-	Past	1y 3m

View details of TONIK's Founder profiles and Board Members

TONIK's employee count trend

TONIK has 551 employees as of Aug 26. Here is TONIK's employee count trend over the years:

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Top competitors of TONIK include Revolut, Slice and Paytm Payments Bank. Here is the list of Top 10 competitors of TONIK, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Revolut 2015, London (United Kingdom), Series E	Provider of banking solutions for retail customers and businesses	$1.99B	Balderton Capital, TSG Consumer Partners ... & 150 others	82/100
2nd	TONIK 2018, Singapore (Singapore), Series B	Provider of digital banking services including savings accounts and loans	$187M	Prosus, PROSPER & 49 others	78/100
3rd	Slice 2015, Bengaluru (India), Series D	Provider of digital banking and financial services	$449M	Tiger Global Management, Gunosy & 81 others	72/100
4th	Paytm Payments Bank 2017, Noida (India), Series A	Platform offering digital bank solutions for individuals and business	$9.3M	One97 Communications, Sapphire Ventures	63/100
5th	MariBank 2021, Singapore (Singapore), Unfunded	Digital banking application	-	-	58/100
6th	UNO Digital Bank 2021, Taguig (Philippines), Series A	Digital banking platform offering users a unified interface to manage various financial needs	$47.5M	Creador, Gateway Partners & 20 others	58/100
7th	GXS 2020, Singapore (Singapore), Funding Raised	Internet-first native bank for retail and business banking	-	-	58/100
8th	Netbank 2019, Manila (Philippines), Series B	Provider of API-based platform for digital banking services	-	Beenext, Altara Ventures & 4 others	57/100
9th	Ezeepay 2018, Delhi (India), Unfunded	Developer of an E-banking platform	-	-	56/100
10th	ANEXT Bank 2022, Singapore (Singapore), Unfunded	Provider of a digital platform for business banking and financial services	-	-	53/100