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 No:1/124,DLF IT/ITES SEZ,Part of 6thFloor ,Block10 Mount Poonamallee Road,Nandambakkam pst., Manapakkam, Chennai, Chennai, Tamil Nadu, India, 600089.

Who is the current CEO of TONIK?

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

How many employees does TONIK have?

As of Jul 31, 2026, the latest employee count at TONIK is 548.

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.

What is the annual revenue of TONIK?

Annual revenue of TONIK is between $10M and $50M as on Dec 31, 2023

Where does TONIK rank among its competitors?

TONIK ranks 2nd amongst 40 active competitors, of which 8 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was TONIK, which secured an undisclosed amount in Jun, 2026.

Who are the top competitors of TONIK?

TONIK's top competitors include Revolut, Maya and NSDL Payments Bank. Among them, TONIK secured the most recent funding round in June, 2026.

TONIK - 2026 Company Profile, Team, Funding, Competitors & Financials

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 40 active competitors, including 8 that are funded. Its top competitors include companies like Revolut, Maya and NSDL 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: No:1/124,DLF IT/ITES SEZ,Part of 6thFloor ,Block10 Mount Poonamallee Road,Nandambakkam pst., Manapakkam, Chennai, Chennai, Tamil Nadu, India, 600089

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 40 active competitors

Annual Revenue

$10M - $50M as on Dec 31, 2023

Employee Count

548 as on Jul 31, 2026

Investment & Acquisitions

Tendopay

Similar Companies

N26 & 219 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 CIN: 201831266N , Singapore, Active		$10M - $50M (As on Dec 31, 2023)	-

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	5503959	Series B	3991514	8010355	7865647	1069590
Dec 04, 2025	1374366	Series B	1284553	8706082	2896055	Altara Ventures
Feb 09, 2022	7842178	Series B	7484772	2906060	Mizuho Financial Group	Rahul Mehta & 10 more

Access funding benchmarks and valuations. Sign up today!

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	6y 10m
nhevsoe	Team	-	Past	3y 5m
xvwdlix	Team	-	Current	2y 6m
oricfhi	Investor	ozbq{gx	Past	5y 9m
Carson Adam Kagan	Independent board member	-	Current	5y 5m
uvqh{ae	Independent board member	-	Current	9y 6m
msmfczi	Independent board member	-	Current	9y 9m
eeosuky	Independent board member	-	Past	7y 6m
llilaw{	Independent board member	-	Past	5y 2m

View details of TONIK's Founder profiles and Board Members

TONIK's employee count trend

TONIK has 548 employees as of Jul 26. Here is TONIK's employee count trend over the years:

Uncover TONIK's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of TONIK include Revolut, Maya and NSDL 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, TCV & 148 others	86/100
2nd	TONIK 2018, Singapore (Singapore), Series B	Provider of digital banking services including savings accounts and loans	$187M	Prosus, PROSPER & 49 others	71/100
3rd	Maya 2013, Mandaluyong (Philippines), Series C	Online platform offering wallet, digital bank, crypto exchange, and more	$80M	IFC Asset Management Company, SIG Venture Capital	66/100
4th	NSDL Payments Bank 2015, Mumbai (India), Unfunded	Platform offering digital banking solutions for consumers	-	-	64/100
5th	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
6th	MariBank 2021, Singapore (Singapore), Unfunded	Digital banking application	-	-	58/100
7th	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
8th	Ezeepay 2018, Delhi (India), Unfunded	Developer of an E-banking platform	-	-	56/100
9th	Netbank 2019, Manila (Philippines), Series B	Provider of API-based platform for digital banking services	-	Beenext, Altara Ventures & 4 others	56/100
10th	ANEXT Bank 2022, Singapore (Singapore), Unfunded	Provider of a digital platform for business banking and financial services	-	-	53/100