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Announced

Completed

Mizuho Bank led a $131m Series B financing round in Tonik Financial.

Financials

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Transaction Value£96m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Banks

Single Bidder

neobank

Cross Border

Minority

Private

Acquisition

Friendly

Philippines

Synopsis

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Mizuho Bank, a Japanese bank, led a $131m Series B financing round in Tonik Financial, the parent company of the Philippiness' first neobank Tonik. "The partnership with Mizuho will provide Tonik with enhanced access to the international wholesale funding markets and world-class managerial talent, as well as serve as a fantastic platform for our future international expansion," Greg Krasnov, Tonik CEO and Founder.

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