Toloka.vc invested in financial group Tonik

The Ukrainian venture syndicate Toloka.vc invested in Tonik Financial Pte. Ltd. — a financial group headquartered in Singapore. The parties did not disclose the deal amount.

This was reported to AIN by Toloka.vc.

Toloka.vc’s investment was part of a financing round for Tonik ahead of its Series C fundraising. 

More about the investment

According to Toloka.vc general partner Oleksandr Kolb, the syndicate’s investment thesis rests on four factors:

• the presence of a large and structurally underserved market in the Philippines;
• a resilient business model with high margins thanks to a banking license that non-bank fintech companies cannot replicate;
• having passed the riskiest stage of development and reached operational scale — in Q1 2026 the group achieved cash-flow breakeven;
• a strong roster of current investors, including the Japanese banking group Mizuho Bank and venture firm Peak XV Partners (formerly Sequoia Capital India & Southeast Asia).

«The combination of rapid balance growth, a full banking license, a highly profitable core product and a clear path to realizing the investment through a listing on the Tokyo Stock Exchange forms our expected target return in the range of 25-50% per annum over a three-year horizon,» — said Oleksandr Kolb, general partner of Toloka.VC.

More about Tonik Financial Pte. Ltd.

Tonik Financial Pte. Ltd. — is a Singapore holding company that owns and operates Tonik — the first digital bank (neobank) in Southeast Asia. The bank officially operates and is licensed in the Philippines.

In addition to the digital bank, which is the main operating asset, the Tonik group includes:

• separate sales and distribution units;
• an agency network;
• the group’s technology and engineering center.

Tonik Digital Bank’s business model is based on attracting low-cost retail deposits enabled by a full banking license and directing them into high-yield consumer lending.

About Toloka.vc’s co-founders

Oleksandr Kolb — an entrepreneur, founder and head of the marketing company Promodo. One of the initiators of the creation of the Kharkiv IT Cluster, where he served on the supervisory board. He also served on the supervisory board of the Kharkiv National University of Radioelectronics.

Taras Kyrychenko until 2019 headed «Правекс-Банк», which was founded by Leonid Chernovetskyi. He also served on the supervisory board of the state «Ощадбанк». In September 2021 he joined the supervisory board of the company «Нова пошта».

Ihor Shoifot — a venture investor, partner at the fund TMT Investments. He was born in Russia and later moved to the United States. In an interview with Forbes he said he holds only American citizenship and allegedly never possessed a Russian passport.

Together with Volodymyr Hidirim from Romania and Serhii Mosunov from Russia, he became a co-founder of the investment group The Garage Syndicate.

Recall that in December 2025 a consortium of investors led by the Ukrainian company Diligent Capital Partners (DCP) invested $12 million in the Philippine neobank Tonik.

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