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Philippines

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Tonik raises USD 17 million for its neobank aimed at the Philippines’ unbanked population

The round brings Tonik’s total funding to USD 44 million. 

2 mins read
  • Despite a pandemic-induced drop in overseas workers, remittances from Filipinos abroad reached USD 33.2 billion in 2020, nearly unchanged from a year earlier.

    Insights

    With OFBank, the Philippine government enters the remittance business

    5 mins read

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