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MANILA, Philippines, April 8, 2025 /PRNewswire/ -- Tonik, the first digital bank in the Philippines, has been named a 2025 Endeavor Outlier — placing the company among the top 10% of global high-growth scale-ups in Endeavor's 2,500+ company portfolio across 42 markets.
The recognition affirms Tonik's position as the #1 digital bank in the Philippines for lending monetization, and places it in the company of global neobank unicorns like Nubank, Ualá and Cora — all trailblazers in reimagining financial access in emerging markets.
"This recognition underscores the power of building a lending-first neobank model in a $40B underserved market," said Greg Krasnov, Founder and CEO of Tonik. "We're not just scaling fast — we're scaling with profitability, resilience, and purpose."
Tonik's recognition follows its achievement of outstanding performance milestones:
- Annualized Revenue Run Rate (ARR) reached $30M, with 83% of revenue from lending
- Lending Risk-Adjusted Gross Margin (RAROC) at world-class 23%
- Loan portfolio scaled 6x in 24 months, now reaching $50M
"Tonik's selection is a milestone not just for Endeavor, but for Philippine fintech," said Manny Ayala, Managing Director of Endeavor Philippines. "They're building one of the most profitable and scalable neobanks in the region — with global relevance."
Tonik's banking license and proprietary AI-powered risk and ops engines give it a massive edge in a 4x underpenetrated consumer lending market. Tonik's lending-first model drives 5–10x ARPU compared to payments-led competitors and delivers 16x LTV/CAC.
With a capital-efficient path to profitability, a defensible B2B2C moat, and a massive TAM, Tonik is primed for the next phase of breakout growth — and poised to reshape the future of credit in the Philippines.
About Tonik
Tonik is the first digital-only neobank in the Philippines, operating under a full banking license from the Bangko Sentral ng Pilipinas (BSP). Tonik offers loans, deposits, and embedded finance via a mobile-first experience. The company is backed by leading global investors including Mizuho Bank, Insignia Ventures, Peak XV (formerly Sequoia India), and Point72 Ventures.
About Endeavor
Founded in 1997, Endeavor is a global network supporting high-impact entrepreneurs in 40+ markets. Its portfolio companies have generated over $50B in revenues and created more than 4M jobs. The Endeavor Outliers program recognizes the top 10% of this network — companies defining the future of industry and innovation.
MANILA, Philippines, April 8, 2025 /PRNewswire/ -- Tonik, the first digital bank in the Philippines, has been named a 2025 Endeavor Outlier — placing the company among the top 10% of global high-growth scale-ups in Endeavor's 2,500+ company portfolio across 42 markets.
The recognition affirms Tonik's position as the #1 digital bank in the Philippines for lending monetization, and places it in the company of global neobank unicorns like Nubank, Ualá and Cora — all trailblazers in reimagining financial access in emerging markets.
"This recognition underscores the power of building a lending-first neobank model in a $40B underserved market," said Greg Krasnov, Founder and CEO of Tonik. "We're not just scaling fast — we're scaling with profitability, resilience, and purpose."
Tonik's recognition follows its achievement of outstanding performance milestones:
- Annualized Revenue Run Rate (ARR) reached $30M, with 83% of revenue from lending
- Lending Risk-Adjusted Gross Margin (RAROC) at world-class 23%
- Loan portfolio scaled 6x in 24 months, now reaching $50M
"Tonik's selection is a milestone not just for Endeavor, but for Philippine fintech," said Manny Ayala, Managing Director of Endeavor Philippines. "They're building one of the most profitable and scalable neobanks in the region — with global relevance."
Tonik's banking license and proprietary AI-powered risk and ops engines give it a massive edge in a 4x underpenetrated consumer lending market. Tonik's lending-first model drives 5–10x ARPU compared to payments-led competitors and delivers 16x LTV/CAC.
With a capital-efficient path to profitability, a defensible B2B2C moat, and a massive TAM, Tonik is primed for the next phase of breakout growth — and poised to reshape the future of credit in the Philippines.
About Tonik
Tonik is the first digital-only neobank in the Philippines, operating under a full banking license from the Bangko Sentral ng Pilipinas (BSP). Tonik offers loans, deposits, and embedded finance via a mobile-first experience. The company is backed by leading global investors including Mizuho Bank, Insignia Ventures, Peak XV (formerly Sequoia India), and Point72 Ventures.
About Endeavor
Founded in 1997, Endeavor is a global network supporting high-impact entrepreneurs in 40+ markets. Its portfolio companies have generated over $50B in revenues and created more than 4M jobs. The Endeavor Outliers program recognizes the top 10% of this network — companies defining the future of industry and innovation.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Tonik Named to 2025 Endeavor Outliers List - Joining the Global Top 10% of High-Growth Scale-Ups
LAS VEGAS, Jan. 4, 2026 /PRNewswire/ -- Dreame Technology will exhibit at CES 2026 in Las Vegas from January 6 to 9. Its Wet & Dry Vacuum Business Unit will showcase core technologies and new products, highlighting the latest advancements in wet & dry vacuum cleaning within Dreame's whole-home smart ecosystem, under the brand promise "All Dreams in One Dreame."
Flagship Wet & Dry Vacuum Technologies on Display
Across two exhibition zones at the Las Vegas Convention Center (Central Hall, Booth 17726) and the Venetian Expo (Booth 52323), Dreame will showcase how its wet & dry vacuum innovations integrate heat, steam, and AI-powered assistance to simplify cleaning and deliver consistent results in real homes. Beyond individual features, these advancements reduce manual effort, minimize repeated passes, and address persistent deep-cleaning challenges faced by households worldwide.
These technology approaches are reflected across Dreame's flagship wet & dry vacuum portfolio on display. H15 Pro Heat, a recipient of the CES 2026 Innovation Award, represents Dreame's first hot water floor cleaning vacuum using 185°F (85°C) hot water and an AI robotic arm to loosen greasy residue and improve cleaning under low furniture and along edges through a 180° lie-flat design. Meanwhile, H16 Pro Steam features the world's first dual AI robotic arms and a dual heat cleaning system, combining 392°F (200°C) steam with 194°F (90°C) water to support deeper, chemical-free sanitization for stubborn floor messes.
Why Wet & Dry Vacuums Matter
As modern households face increasingly diverse floor cleaning needs, traditional routines often require multiple tools and repeated steps to handle both wet spills and dry debris. Wet & dry vacuums address this challenge by combining vacuuming and floor washing into a single process, enabling everyday messes—such as liquids, crumbs, dust, and pet hair—to be cleaned in one pass. By reducing the need to switch between devices, this category helps simplify daily floor care and improve cleaning efficiency, making it well-suited for busy households, including families with children and pets.
About Dreame Technology
Established in 2017, Dreame Technology is a global leader in high-end consumer electronics and intelligent manufacturing with the vision to empower lives through technology. Follow us on Facebook, Instagram, TikTok and Twitter. For more information, please visit https://www.dreametech.com/.
Media Contact:
Lin YANG
yanglin4@dreame.tech
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Dreame Showcases the Future of Wet & Dry Vacuum Cleaning at CES 2026
