About TONIK
TONIK is a Financial Services company based in Singapore (Singapore) founded in 2018 by Bahuguna Pawan. Digital banking solutions for individuals are provided by TONIK. TONIK has raised $187 million across 6 funding rounds from investors including Mizuho Financial Group, Prosus and Peak XV Partners. The company has 88 employees. TONIK has completed 1 acquisition, including Tendopay. Its website tonikbank.com draws about 86 thousand monthly visits. Its Indian entity Tonik Financial India Private Limited reported revenue of ₹20.83 Cr. Its focus areas include FinTech, Banking Tech, Internet First Banks and Digital Native Banks.
Company details
TONIK was founded in 2018 and is headquartered in Singapore. Digital banking services are extended to individual customers in the fintech sector. Operations include money transfers, cash withdrawals, bill payments, online and offline purchases, loan access, and savings accounts. Transaction monitoring is facilitated via a dedicated dashboard. The mobile application is supported on both Android and iOS platforms.
- Headquarters Singapore, Singapore
- Employees 88
- Founders Bahuguna Pawan
- SectorsFinancial Services
- Website category Finance · Investing
- Email••••••••
- Phone•••• ••••
- Website tonikbank.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Tonik Financial India Private Limited
- Date of Incorporation 27 May, 2021
- Jurisdiction Chennai, Tamil Nadu, India
- Indian entity revenue₹20.83 Cr
FY 2025 · -24% YoY
- Indian entity net profit₹1.14 Cr
FY 2025 · 5% margin
- Indian entity EBITDA₹2.63 Cr
FY 2025 · 13% margin
- Total Equity Funding$187M (USD)
in 6 rounds
- InvestorsMizuho Financial Group
& 16 more
- Employee Count88
- Investments & Acquisitions
Associated legal entities of TONIK
TONIK operates through Tonik Financial India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tonik Financial India Private Limited CIN U65993TN2021FTC143729 | Active | 27 May 2021 | Chennai, Tamil Nadu | ₹20.8 Cr | 88 | 4 | View details |
Apps and channels of TONIK
TONIK publishes 1 mobile app with over 1M+ downloads; its YouTube channel Tonik has 7.94K subscribers and 14 videos.
Videos from TONIK
The most watched videos on TONIK's YouTube channel, Tonik (7.94K subscribers). Click a video to play it here.
More on Tonik.
Funding Insights of TONIK
TONIK has successfully raised a total of $187M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $187M
- Total Rounds 6
- First Round $6M
(Feb 2020)
- Investors Count 17
All 6 funding rounds of TONIK with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2026 | Series B | – | – | ||
| Dec 2025 | $12M | Series B | – | Diligent Capital Partners | – |
| Feb 2022 | $131M | Series B | – | Mizuho Financial Group | |
| May 2021 | $17M | Series A | – | IGlobe Partners | |
| Jun 2020 | $21M | Series A | – | Point72 Ventures, Peak XV Partners | |
| Feb 2020 | $6M | Series A | – | Insignia Ventures Partners, Credence Partners | – |
17 investors in total: 16 institutional and 1 angel.
Investors in TONIK
TONIK has secured backing from 17 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Mizuho Financial Group, Prosus and Peak XV Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech companies are invested in by this venture capital firm. | 1997 | prosus.com | Amsterdam, Netherlands | |
Venture capital is directed toward companies in multiple sectors. | sixteenthstreetcapital.com | Singapore, Singapore | ||
Venture capital services and app-based platform requiring JavaScript. | insignia.vc | |||
A family office service is provided for multiple families. | blauwparkpartners.com | Singapore, Singapore | ||
Venture capital fund focused on seed to growth stage fintech, deep tech, and enterprise tech companies | p72.vc | New York, United States | ||
Tech and life Science focused early stage VC firm investing in the US | iglobepartners.com | Singapore, Singapore | ||
Citius is recognized as an investment firm funding technology companies. | citius.vc | Luxembourg, Luxembourg | ||
Tech focused VC firm making investment in seed and early stage companies in the US & Asia | alphajwc.com | Jakarta, Indonesia | ||
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India |
Investor details for TONIK
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Tonik Financial India Private Limited (TONIK)
Tonik Financial India Private Limited is the primary company behind TONIK. The board of Tonik Financial India Private Limited currently have 4 directors; the longest-serving is Grygorii Krasnov, appointed in 2021. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Grygorii Krasnov DIN 09184831 | Director | 27 May 2021 | 5 yrs 5 mo | Tonik Financial India Private Limited |
| Todd M Esposito DIN 09184829 | Director | 27 May 2021 | 5 yrs 5 mo | Tonik Financial India Private Limited |
| Manoj Varghese DIN 07609333 | Director | 31 May 2022 | 4 yrs 5 mo | Tonik Financial India Private Limited |
| Viswanathan Sridar DIN 11417593 | Additional Director | 08 Dec 2025 | 11 mo | Tonik Financial India Private Limited |
People of TONIK
2 people are tracked at TONIK (2 in leadership); the tracked headcount is 88.
| Name | Role | Group |
|---|---|---|
Bahuguna Pawan | Co-Founder | Leadership |
| Leadership |
Complete people profiles for TONIK
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of TONIK
Figures of Tonik Financial India Private Limited, the primary company behind TONIK, for FY 2025. Revenue was ₹20.83 Cr (-24% year on year). Net profit was ₹1.14 Cr (5% margin). EBITDA was ₹2.63 Cr (13% margin). Revenue has grown at a compounded annual rate of +22% over three years.
- ₹20.83 CrRevenue · FY 2025 · -24% YoY
- ₹1.14 CrNet profit · 5% margin
- ₹2.63 CrEBITDA · 13% margin
- ₹1.00 CrPaid-up capital
- 88Employees (provident fund records)
- +22%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Tonik Financial India Private Limited are on its company page.
Detailed financial statements for TONIK
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by TONIK
TONIK has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Tendopay.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
App-based solution for point of sale financing | tendopay.ph | Manila, Philippines | 2018 | Dec 2022 | •••• |
Complete acquisition details for TONIK
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
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Verified entity values are shown only after access is granted.
Timeline of TONIK
4 dated milestones of TONIK across 8 years, from founding to its latest funding, stage changes and deals.
- Founded TONIK is founded.
- Funding First funding round of $6.0M.
- Acquisition Acquires Tendopay.
- Funding Latest funding round, Series B,.
Web traffic of TONIK
The website of TONIK (tonikbank.com) receives about 85.7K visits a month and ranks #453,070 among all websites worldwide, #4,613 in Investing.
- Monthly visits85.7K
- Unique visitors38.2K
per month
- Global rank#453,070
among all websites
- Category rank#4,613
Finance · Investing
- Bounce rate36%
- Pages per visit1.9
- Average visit43 sec
- DevicesDesktop 11% · Mobile 89%
Websites whose visitors overlap most with TONIK. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
ayalacoop.com | ayalacoop.com | 100% | #1,958,391 | – | |
ccap.net.ph | ccap.net.ph | 97% | #4,062,625 | – | |
| cash-express.ph | 95% | 1.7M | #26,046 | View details | |
transunion.ph | transunion.ph | 94% | #692,617 | – | |
finbro.ph | finbro.ph | 93% | #52,419 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 23 similar websites and full traffic analytics for TONIK
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- 23 similar websites
- Audience overlap
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Verified entity values are shown only after access is granted.
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Related news about Tonik
Complete news archive for TONIK
Full article history, source details, and older brand coverage require an active premium plan.
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Frequently Asked Questions about TONIK
TONIK was founded in 2018 and raised its 1st funding round 2 years after it was founded.
TONIK is headquartered in Singapore, Singapore.
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 of $6M, raised on Feb 2020.
TONIK has 88 employees.
The primary company behind TONIK, Tonik Financial India Private Limited, reported revenue of ₹20.83 Cr for FY 2025, down 24% year on year.
TONIK was founded in 2018 and is headquartered in Singapore. Digital banking services are extended to individual customers in the fintech sector. Operations include money transfers, cash withdrawals, bill payments, online and offline purchases, loan access, and savings accounts. Transaction monitoring is facilitated via a dedicated dashboard. The mobile application is supported on both Android and iOS platforms.
TONIK has made 1 acquisition, including Tendopay.
TONIK has 17 investors. Key investors include Mizuho Financial Group, Prosus, Peak XV Partners, Rahul Mehta, and Sixteenth Street Capital.
TONIK operates through Tonik Financial India Private Limited.
The legal entities of TONIK currently have 4 directors, including Manoj Varghese, Grygorii Krasnov, Todd M Esposito and others.
Yes. TONIK publishes Tonik - Fast Loans & Deposits, with over 1 million downloads.