Tonik: Scaling Credit-Led Digital Banking in the Philippines
What if the secret to building a profitable digital bank isn't accumulating payments volume, but refusing to collect deposits you can't deploy?
In this episode, we explore pvtIQ's latest deep dive on Tonik, the first standalone digital bank in the Philippines to achieve cash flow profitability (Q1 2026).
We examine:
• Why Tonik targeted the $50–100B credit gap rather than competing over thin-margin payment transaction volume.
• Utilizing telco data, device behavior, and payroll integration (via Tendo) to underwrite thin-file borrowers profitably.
• Achieving cash flow breakeven without…
The skinny
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