Ukrainian investment syndicate Toloka.vc became a participant in the pre-Series C financing round of Tonik Financial Pte. Ltd. The main asset of this Singaporean company is Tonik Digital Bank — one of the first retail digital banks in the Philippines, licensed by the local Central Bank.
Ukrainian investment syndicate Toloka.vc became a participant in the pre-Series C financing round of Tonik Financial Pte. Ltd. The main asset of this Singaporean company is Tonik Digital Bank — one of the first retail digital banks in the Philippines, licensed by the local Central Bank.
As reported by Toloka.vc, in addition to the bank itself, the group includes sales divisions, an agency network, and a technology center. The amount of investment is not disclosed at this time.
Tonik Digital Bank attracts low-cost retail deposits (thanks to its banking license) and focuses on high-yield consumer lending. The Philippines, with a population of 113 million, is one of the least-developed markets in Asia for formal consumer lending, opening up significant room for growth for licensed digital players.
Toloka.vc notes that Tonik has already passed the formation stage. In the first quarter of 2026, the group achieved cash flow breakeven and moved to operational scaling. Other investors in the company include Japanese banking group Mizuho Bank and venture capital fund Peak XV Partners (formerly Sequoia Capital India & Southeast Asia).
“The combination of rapid balance sheet growth, a full banking license, a highly profitable core product, and a clear path to realizing the investment through a listing on the Tokyo Stock Exchange shapes our expected target return in the range of 25–50% per annum over a three-year horizon,” said Oleksandr Kolb, general partner of Toloka.vc, commenting on the deal.
Toloka.vc is a Ukrainian investment syndicate founded by Igor Shoyfot, Taras Kyrychenko, and Oleksandr Kolb. The platform brings together investors to jointly invest in technology startups around the world.
