Digital lender Tonik's losses narrowed 22% in 2023 but NPL ratio rose in Q1

Digital lender Tonik's losses narrowed 22% in 2023 but NPL ratio rose in Q1

Tonik founder and CEO Greg Krasnov. Photo: Company website

Tonik Financial, the parent company of Philippines-based digital lender Tonik Digital Bank, posted lower year-on-year losses in 2023, but its customer deposits shrank during the year, according to regulatory filings.

Edited by: Deepshikha Monga