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Amount Raised
$131 Million
Round Type
Series B
SingaporeProfessional ServicesFinancial ServicesMobileLending And InvestmentsPaymentsFinanceFintechLendingBankingDescription
Tonik Financial Pte Ltd ("Tonik"), the parent company of Tonik Digital Bank in the Philippines, announced today that it closed a US$131M round of Series B equity funding. The round was led by Mizuho Bank, which is one of the largest Japanese banking groups and a Top 10 bank by assets in Asia Pacific region, active in the Philippines since 1981. Other significant new investors in the round included Prosus Ventures (formerly Naspers Ventures), the co-founder of DST Partners Rahul Mehta, as well as a Singapore investment fund Sixteenth Street Capital and Indonesian family office Nuri Group.
Fundz sees it the moment Tonik raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Funding Insights
What this usually meansTonik raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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