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Tonik Becomes the First Standalone Digital Bank in the Philippines to Achieve Profitability

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Built on Lending, Not on Users. Powered by the Strongest Unit Economics in Philippine Banking.

MANILA, Philippines and SINGAPORE, May 12, 2026 /PRNewswire/ — Tonik, the holder of BSP Digital Banking License No. 001 and the Philippines’ first standalone digital bank, has reached a defining milestone: sustained profitability. The company generated consolidated positive cash net income (after all costs including cost of risk) in Q1 2026, becoming the first standalone digital bank in the country to do so—and one of the fastest non-ecosystem neobanks globally to reach this point.  At the same time, Tonik’s regulated bank subsidiary, Tonik Digital Bank, Inc. has also achieved IFRS profitability for the entire Q1 2026.

This milestone is the direct outcome of a founding choice: to build a credit-led institution, not a user platform.

A Model Built for Lending, Not Optics

While much of the narrative around the Philippine digital banking market has been defined by user growth, deposits, and payment volumes, Tonik was designed from day one as a lending institution—focused on deploying capital efficiently into consumer credit for the 90% of Filipinos unserved by formal bank lenders.  This strategic choice was driven by a simple logic – revenue on a loan client is 20x higher than on a payment client, and credit inclusion is clearly where the remaining gap in the market is, not payment inclusion.

Five years in, that discipline is now showing up in the only metrics that matter: profitability and capital efficiency.

The Numbers That Matter

As of April 2026:

Loan portfolio: USD 110 million, up 2.3× year-on-year, growth leaderAnnualized revenue run-rate: USD 60M+, with 99% from lendingNIM / Lending RAROC: 51% / 25% — the highest in the banking marketLoan-to-deposit ratio: 82% — the highest among Philippine digital banksNet LTV/CAC: 23× — validating a scaled upsell flywheel engine

These metrics reflect a business built on lending productivity—not user accumulation or idle deposits.

Why the Model Matters

Tonik is the first digital bank in the Philippines to reach profitability without relying on a pre-existing bank, payments, telco, or retail ecosystem. While ecosystem-backed models can accelerate early growth, they often cap long-term scalability—as proven by the fact that most of the world’s largest digital banks were built as standalone, balance-sheet-driven institutions.

What Drove Profitability

Three structural decisions underpin this outcome:

AI-driven risk management. Five years of advanced data and underwriting iteration have enabled profitable lending to thin-file borrowers, improving risk-adjusted returns while sustaining growth.

Portfolio mix diversification. Lending is diversified across employer-channel salary-deduction loans, merchant installment network, and digital personal loans.  These channels provide structural risk mitigation supporting de-risked unit economics. 

Deposit advantage. A BSP license enables retail funding at 3–6%, versus 15%+ for non-bank lenders—creating a structural margin edge on every loan.

CEO Comment

Greg Krasnov, Founder & CEO of Tonik Digital Bank:

“Profitability in digital banking is a function of what you choose not to do. We chose not to chase users as a vanity metric. We chose not to build deposits we couldn’t deploy. We built a credit bank—with the best unit economics in the market—and let the income statement follow.

We are now the only player that is both cleanly profitable and structurally positioned with a digital bank deposit license to scale into the $50-100 billion credit gap. That makes us the growth leader today.  That is a rare combination, and we intend to press it.”

What Comes Next

Tonik enters its next phase as a loan portfolio growth leader among Philippine digital banks, with a model that no longer requires external subsidy to grow. Near-term priorities include expanding employer-channel lending through Tendo, scaling the merchant network, and enhancing revolving credit products to serve a repeat borrower base with an accelerating lifetime customer value flywheel.

About Tonik Digital Bank

Tonik Digital Bank, Inc. holds BSP Digital Banking License No. 001—the first standalone digital banking license issued in the Philippines. It provides personal loans, store installment financing, employer-channel lending, and savings products through a fully digital platform.

Since launch in February 2021, Tonik has grown its loan portfolio to USD 110 million and its revenue run-rate to USD 60M+, reaching cash flow profitability in Q1 2026.  For more information visit tonikbank.com

 

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SOURCE TONIK Financial Pte Ltd

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Forbes Names TCL One of the World’s Top Companies for Women in 2025

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SHENZHEN, China, May 12, 2026 /PRNewswire/ — TCL, a leading global technology company, announced its inclusion in Forbes’ 2025 list of the World’s Top Companies for Women, recognizing its success in building an inclusive culture and championing women in the workplace.

To compile the list, Forbes partnered with market research firm Statista to survey approximately 120,000 women working for multinational corporations in more than 36 countries. Each company’s score aggregates survey responses with a “public opinion score” that quantifies women’s gender perceptions of different companies, as well as data on women in executive and board positions. The list ranks 400 corporations with a significant global presence across at least two continents.

In addition to career advancement, TCL offers family-friendly benefits such as mother and baby rooms, extended paid maternity leave and childbirth allowances, along with women’s healthcare services including cancer screening and psychological counseling.

“Women’s empowerment is a core component of TCL’s globalization and sustainability strategy, linking our technological innovation with social development,” said Wei Xue, Vice President & Chief of the ESG Office at TCL Technology Group Corporation, and Chairperson of TCL Charity Foundation. “Our inclusion on Forbes’ list is a tribute to TCL’s long-term commitment to empowering women in the workplace and supporting their career development. We are honored to be included and proud of our track record of creating opportunity for all people.”

TCL operates in more than 160 countries and regions, engaging with local communities and respecting local cultural norms to empower women in the workplace. The company maintains its commitment to diversity and inclusion by assessing Environmental, Social and Governance indicators in its global subsidiaries and using this data to inform its employment policies.

TCL Extends Female Empowerment Mission Beyond the Workplace

Since 2018, TCL has partnered with FIBA, the world’s governing body for basketball, to promote female participation in the sport. The company has supported numerous global events and will continue its involvement with the upcoming FIBA Women’s World Cup in Germany in September and the 2027 FIBA World Cup in Qatar. 

Through the Huameng Foundation, a philanthropic initiative established by TCL’s founders, the company funds female-focused programs that have enabled nearly 1,000 young women from underprivileged families to complete high school and tertiary studies. The Foundation uses technology to advance its charitable causes, supporting community development in China and elsewhere.

In addition, TCL’s dynamic and long-running #TCLforHer campaign leverages technology, sports and education to empower young women and nurture their ambitions through a variety of community initiatives. The campaign shares stories of trailblazers who challenge assumptions and tear down boundaries, inspiring women everywhere to boldly defy stereotypes and fulfill their potential. 

#TCLforHer has received numerous international marketing honors for its storytelling prowess. In January 2025, it won a prestigious Silver Telly Award—a major prize in the global documentary and TV brand film sector—for its 2024 marketing campaign, which centers around two brand films produced by a predominantly female team. 

TCL’s inclusion on the Forbes list of the World’s Top Companies for Women marks an important milestone, affirming the company’s leadership in female empowerment and commitment to breaking the glass ceiling for women worldwide.

About TCL

Founded in 1981, TCL—short for “The Creative Life”—embodies creativity in every aspect of life. As a leading technology brand, TCL is dedicated to delivering innovative solutions—including TVs, smartphones, audio products, smart home devices, display technologies, and clean energy—that enhance customer experiences through two independent entities—TCL Industries and TCL Technology.

With 47 R&D centers and 40 manufacturing bases globally, TCL operates in over 160 countries and regions, cementing its position as a globally competitive smart technology brand. To further inspire greatness, TCL has become an official Worldwide Olympic and Paralympic Partner in the Home Audiovisual Equipment and Home Appliances category.

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SOURCE TCL

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BIT Supports Pawpathon 2026 as Title Sponsor, Championing Community Inclusion and Second Chances

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SINGAPORE, May 12, 2026 /PRNewswire/ — BIT participated as the Title Sponsor of Pawpathon 2026, a community initiative organised by HUG Community Services in collaboration with the Yellow Ribbon Project, held at Mandai Wildlife West.

The event brought together families, community partners, volunteers, beneficiaries, and members of the public for a morning focused on inclusion, encouragement, and community support. The programme featured a charity walk, therapy dog interactions, community performances, and appreciation activities recognising donors and partners supporting rehabilitation and reintegration efforts.

Guest of Honour Mr Chee Hong Tat, Minister for National Development, and Ms Elysa Chen, Member of Parliament for Bishan-Toa Payoh GRC, joined organisers, sponsors, and participants in supporting the event.

As part of the sponsor appreciation segment following the community walk, Mr John Ge, CEO of BIT, shared a short address reflecting on the importance of community support, inclusion, and showing up for one another.

“Pawpathon is more than just a walk. It is a community coming together for a common purpose,” said Mr Ge. “Second chances do not happen on their own – they require support, encouragement, and inclusion from the people around us. We are grateful to be part of such a meaningful initiative alongside the wider community.”

As a Singapore-headquartered company, BIT believes in contributing meaningfully to the communities it operates in through initiatives that promote inclusion, trust, and social cohesion.

BIT extends its appreciation to HUG Community Services, the Yellow Ribbon Project, volunteers, partners, and all participants who contributed to making Pawpathon 2026 a meaningful community event.

About BIT

BIT (formerly Matrixport) is a Singapore-headquartered global digital asset financial infrastructure and services group focused on building long-term financial infrastructure for modern investors. Built on integrity and trust, BIT bridges traditional finance and digital assets through disciplined governance, advanced technology and regulatory compliance.

 

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SOURCE BIT

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Worldline and EcoFlow announce strategic partnership to power seamless global payments

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Clean energy leader to deliver a smooth checkout experience and accelerate growth across Europe and international markets

PARIS and DÜSSELDORF, Germany, May 12, 2026 /PRNewswire/ — Worldline, a European leader in payment services, and EcoFlow, a leading provider of smart home energy storage solutions, today announced a strategic partnership to enhance EcoFlow’s global payment infrastructure and accelerate its expansion across the US, UK, Europe and new international markets. EcoFlow has selected Worldline’s Global Collect platform to unify its global payment operations, enable local acquiring and deliver a seamless, reliable checkout experience for customers worldwide.

As EcoFlow enters its next phase of growth, marked by increasing transaction volumes and expanding customer demand, a high-performance payment system has become critical to ensuring a consistent user experience across regions.

Through this partnership, Worldline’s local acquiring capabilities across geographies will enable EcoFlow to boost authorisation rates, reduce cross-border payment friction and meet local compliance requirements with ease — ensuring customers enjoy a trusted and frictionless checkout experience regardless of their location.

As EcoFlow prepares for its next wave of expansion, Worldline will extend its local acquiring footprint into APAC, Latin America and additional regions as transaction volumes scale. Worldline’s advanced network tokenisation technology will further improve authorisation performance and significantly reduce false declines — an essential advantage for high-value clean energy products, where reliability and trust are key to the purchasing decision.

Stijn Gasthuys, Head of Global Commerce at Worldline, said: “As EcoFlow expands into new markets, they need a payments partner combining global execution with local expertise to deliver reliable, high‑performance payment experiences worldwide. At Worldline Global Collect, our ability to support complex international growth, together with our strong European coverage, made the difference.”

Yidan Yuan, Head of Europe at EcoFlow, added: “Delivering a seamless and reliable customer experience is at the core of everything we do. As our global business continues to grow, we need a payment infrastructure that can scale with us while maintaining high performance across markets. Our partnership with Worldline allows us to strengthen payment reliability, improve authorisation rates and ultimately provide a smoother experience for our customers worldwide.”

By investing in a more advanced and localized payment ecosystem, EcoFlow reinforces its commitment to customer-centric innovation, ensuring that as its clean energy solutions reach more users globally, the purchasing experience remains as intuitive, secure and efficient as the products themselves.

ABOUT WORLDLINE

Worldline [Euronext: WLN] is Europe’s leading operator of critical infrastructure and payment services. With a presence across the entire value chain, the Group offers its customers unique expertise in processing and securing their payments, thereby promoting their growth. Worldline is leveraging its 2030 strategic plan and its technological innovation capabilities to build the European reference payment partner for merchants and financial institutions. With over 1.2 million customers, Worldline achieved €4bn in revenue in 2025. worldline.com

Worldline’s corporate purpose (“raison d’être”) is to design and operate leading digital payment and transactional solutions that enable sustainable economic growth and reinforce trust and security in our societies. Worldline makes them environmentally friendly, widely accessible, and supports social transformation.

ABOUT ECOFLOW

EcoFlow is a global pioneer in eco-friendly energy solutions, driving the transition toward smarter, cleaner, and more independent power. Founded in 2017, EcoFlow is No. 1 in smart home energy storage solutions, empowering millions of users to take control of their energy at home and beyond. With operational headquarters in Seattle, Düsseldorf, Irvine, Tokyo and Birmingham, and a business and data center in Singapore, EcoFlow operates as a global ecosystem spanning research, operations, and manufacturing. Its innovative technologies serve over 5 million users across 140 markets and redefine how the world takes control of its energy. ecoflow.com

View original content:https://www.prnewswire.co.uk/news-releases/worldline-and-ecoflow-announce-strategic-partnership-to-power-seamless-global-payments-302769106.html

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