About TONIK
TONIK is a company based in Singapore (Singapore) founded in 2018 by Bahuguna Pawan. TONIK has raised $187 million across 5 funding rounds from investors including Mizuho Financial Group, Prosus and Peak XV Partners. The company has 88 employees as of April 08, 2024. TONIK has completed 1 acquisition, including Tendopay. TONIK operates in a competitive market with competitors including Revolut, Allica Bank, DBS, Paytm Payments Bank and Discover, among others.
- Headquarter Singapore, Singapore
- Employees 88 as on 08 Apr, 2024
- Founders Bahuguna Pawan
-
Sectors
Financial Services
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Tonik Financial India Private Limited
- Date of Incorporation 27 May, 2021
- Jurisdiction Chennai, Tamil Nadu, India
-
Annual Revenue
$3.74 M (USD)170.57as on Mar 31, 2023
-
Net Profit
$241.12 K (USD)119.59as on Mar 31, 2023
-
EBITDA
$535.32 K (USD)218.76as on Mar 31, 2023
-
Total Equity Funding
$187 M (USD)
in 5 rounds
-
Latest Funding Round
$12 M (USD), Series B
Dec 04, 2025
-
Investors
Mizuho Financial Group
& 15 more
-
Employee Count
88
as on Apr 08, 2024
- Investments & Acquisitions
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of TONIK
TONIK has successfully raised a total of $187M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $12 million completed in December 2025. 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.
Investors in TONIK
TONIK has secured backing from 16 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.
|
Locked | Locked | Locked | |
|
Venture capital is directed toward companies in multiple sectors.
|
Locked | Locked | Locked | |
|
-
|
Locked | Locked | Locked |
Investor details for TONIK
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
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.
Investment portfolio details for TONIK
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
App-based solution for point of sale financing
|
Locked | Locked | 2018 | Locked |
Complete acquisition details for TONIK
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - TONIK
Detailed financials for TONIK
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Tonik Comparisons
Peer comparison for TONIK
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of TONIK
TONIK operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Revolut, Allica Bank, DBS, Paytm Payments Bank and Discover, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Banking solutions are provided for retail customers and businesses.
|
|
| Locked | Locked | Locked |
Internet-first banking services are offered to individuals and businesses.
|
|
| Locked | Locked | Locked |
Diversified insurance brokerage services are provided to clients.
|
|
| Locked | Locked | Locked |
Digital banking solutions are offered for individuals and businesses.
|
|
| Locked | Locked | Locked |
Discover is recognized for providing credit cards and banking services.
|
Detailed competitors of TONIK
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Tonik
Complete news archive for TONIK
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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 5 funding rounds to date.
As of Apr 08, 2024, the latest employee count at TONIK is 88.
Annual revenue of TONIK is $3.74M as on Mar 31, 2023.
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's top competitors include Revolut, Allica Bank and Paytm Payments Bank.
TONIK has made 1 acquisition, including Tendopay.
TONIK has 16 investors. Key investors include Mizuho Financial Group, Prosus, Peak XV Partners, Rahul Mehta, and Sixteenth Street Capital.