Rubicon Law was involved in the closing of the US$21 million Series A equity financing round for Tonik Financial Pte. Ltd. | June 2020

Rubicon Law is pleased to announce that we have acted for Tonik Financial Pte. Ltd. (“Tonik”), Southeast Asia’s first digital-only bank, in its US$21 million Series A equity financing round completed in June 2020. The round was led by blue-chip venture capital investors Sequoia Capital India and Point72 Ventures, supporting Tonik’s upcoming launch in the Philippines following the grant of a full bank licence by the country’s banking regulator.