Tonik raises $21 million to launch digital bank in the Philippines

Tonik raises $21 million to launch digital bank in the Philippines
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Tonik raises $21 million to launch digital bank in the Philippines

A wave of digital banks, or neo-banks, has flourished in recent years in Western nations as people begin to flee megabanks. While most of these startups are yet to prove they can turn a profit, entrepreneurs are beginning to replicate similar ideas in South Asian markets, where most people don’t h…
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