# Tonik

> all-digital bank

**Wikidata**: [Q110158174](https://www.wikidata.org/wiki/Q110158174)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Tonik_(bank))  
**Source**: https://4ort.xyz/entity/tonik

## Summary
Tonik is an all-digital bank that operates as a mobile application, primarily serving the Philippines. It was founded in 2021 and is headquartered in Pasig.

## Key Facts
- Founded on March 18, 2021
- Operates as a neobank and fintech company
- Has a mobile app available on the Google Play Store with ID com.tonik.mobile
- Based in Pasig, Philippines
- Uses the Android operating system
- Has a website at https://tonikbank.com/
- Has social media presence on Twitter (TonikBank), LinkedIn (tonikbank), and Facebook (TonikBankPH)
- Classified as a financial services company in the banking industry

## FAQs
### Q: When was Tonik founded?
A: Tonik was founded on March 18, 2021.

### Q: What is Tonik's main business?
A: Tonik is an all-digital bank that provides financial services through its mobile app.

### Q: Where is Tonik based?
A: Tonik is headquartered in Pasig, Philippines.

## Why It Matters
Tonik represents the growing trend of digital banking in the Philippines. As an all-digital bank, it offers services without traditional physical branches, making banking more accessible to users. The company has become significant as it's positioned as a neobank, competing with traditional banks by offering innovative digital solutions. Its presence in the financial technology sector demonstrates the shift towards mobile-first banking solutions that cater to modern users' preferences.

## Notable For
- First neobank in the Philippines to secure a digital bank license
- Offers time deposits with interest rates up to 6 percent
- Has disbursed over 1 million in loans as of March 2025
- Partners with Mastercard
- Uses the Android operating system for its mobile application

## Body
### Founding and Operations
Tonik was founded on March 18, 2021, and is headquartered in Pasig, Philippines. The company operates as an all-digital bank, meaning it doesn't have physical branches and provides all its services through its mobile application.

### Technology and Platform
The Tonik mobile app is designed to run on Android devices. It has a Google Play Store app ID of com.tonik.mobile and an App Store ID of 1541576007. The app allows users to access banking services including loans and deposits.

### Services and Features
Tonik offers various financial services through its mobile application. These include time deposits with interest rates up to 6 percent and loan disbursements. The company has achieved significant milestones, including disbursing over 1 million in loans as of March 2025.

### Industry Classification
Tonik is classified as a neobank and fintech company. It operates in the banking and financial services industry, competing with traditional banks by providing digital-first solutions.

### Partnerships and Recognition
Tonik has partnered with Mastercard, and it was the first neobank in the Philippines to secure a digital bank license. The company has received recognition for its innovative approach to banking.