Consumer Finance Veteran Joins Tonik’s Leadership Team as Group COO

SINGAPORE, July 26, 2022 /PRNewswire/ — Tonik announced today that Tomasz Borowski joins the management team as Group Chief Operations Officer (COO). Most recently, co-founder and CEO of leading Asian fintech credit management company FLOW, Tomasz was instrumental in overseeing the rollout of FLOW across three markets in South East Asia, as well as its profitability ahead of Series B, the first such feat achieved by a fintech in the region. With operations in Vietnam, Indonesiaand IndiaFLOW has redefined debt collection by South East Asia using AI technologies, ethical practices and data-driven insights.

Tomasz brings Tonik ca. 20 years of experience in consumer finance, primarily focused on building efficient operations. Before coming to Asia To create FLOW, Borowski gained extensive experience in consumer finance across emerging Europe, working at market-leading institutions such as GE Capital, Raifessen Bank and Platinum Bank. His knowledge of world-class standards and technologies to achieve high levels of efficiency in consumer credit will help Tonik take its operational excellence to a new level.

“Tomasz is a seasoned global leader in retail banking and fintech, particularly in developing new businesses in emerging markets. Having worked with him in different businesses over the years, I am confident that his arrival comes at the perfect time as we prepare to increase our operational efficiency in the second half of 2022,” says Tonik Founder and CEO Greg Krasnov.

“Tonik’s groundbreaking entry marked a shift towards digital banking as the easiest, fastest and most preferred route to fostering financial inclusion in The Philippines. As a seed-stage angel investor in Tonik, I have followed his journey very closely and believe that my expertise comes at the right time to help Tonik grow. This is also the perfect time for me to transition into a non-executive role at FLOW, which recently achieved profitability and is now poised to move forward under new daily leadership. I am thrilled to be part of Tonik’s pioneering journey, applying operational best practices from around the world as we continue to revolutionize the way money works in the region,” shares Borowski.

As Group COO, Tomasz will be based in Singapore and employed by Tonik’s holding company, Tonik Financial Pte Ltd, while working closely with the operations team of Tonik Digital Bank Inc, Tonik’s regulated banking subsidiary in The Philippines.

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About Tonic

Tonik is the first fully digital neobank in The Philippines, providing loan, deposit and payment products to consumers on a highly secure digital banking platform. The neobank operates on the basis of the first digital banking license issued by the Bangko Sentral ng Pilipinas (BSP). Tonik is led by a team of retail finance veterans who have previously built and grown several retail banks and fintechs in global emerging markets. It is backed by top international investors including Sequoia India, Point72 Ventures and Mizuho Bank. Tonik’s technology stack is integrated in partnership with world-class banking technology providers, including Mastercard, Finastra, Amazon Web Services, Google and Daon. Tonik operates from hubs in Singapore (headquarters), Manilaand Chenai.

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