Sequoia joins $21m Series A for Philippines digital bank
Sequoia Capital India and US-based Point72 Ventures have led a $21 million Series A round for Tonik, a Singapore-based digital bank launching initial operations in the Philippines.
Insignia Ventures Partners and Credence Partners, which backed a $6 million round earlier this year, also participated. Tonik, which aims to provide retail services around deposits, loans, payments, and...
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