Funding Round · Neobank · 2020

Tonik Financial Series A funding round

Tonik Financial raised $21M Series A led by Sequoia India, Point72 Ventures on June 1, 2020.

Primary
Tonik Financial
Counterparty
Sequoia India, Point72 Ventures
Amount
$21M
Structure
Series A
Date
June 1, 2020
Sub-sector
Neobank

Funding for digital banking launch in Philippines targeting underserved retail market with all-online lending and savings products.

Primary company
Tonik Financial
Amount
$21M
Event date
June 1, 2020
Sub-sector
Neobank
HQ
Not disclosed
Structure
Series A
Source published
December 16, 2020
Publisher
BusinessWorld Online

Source: bworldonline.com