Philippine digital bank Tonik has secured an investment from K2 Investments, the investment platform of former CVC Capital Partners executive Krzysztof Krawczyk.
Tonik founder and CEO Greg Krasnov confirmed to DealStreetAsia that the investment is part of its Pre-Series C fundraise, but declined to disclose additional details on the structure and investment at this change.
Krawczyk has also joined Tonik’s board of directors.
Krawczyk spent more than two decades at CVC Capital Partners, where he led the firm’s Warsaw office and worked on several of its major investments in Central and Eastern Europe. His recent investment in Tonik marks another move under K2 Investments, following his departure from CVC.
For Tonik, the investment comes as the digital bank prepares for its next phase of growth after reaching cash-flow profitability in the first quarter of 2026.
“For Tonik this comes at a good moment. We hit cash flow profitability in Q1, a major milestone, and we’re scaling into our next phase now. Having someone with Krzysztof’s track record of building category leaders and taking them public on our board is hugely valuable as we do that, and I think it says something about where Tonik is headed that an investor of his caliber wanted in at this point,” Krasnov told DealStreetAsia.
Tonik announced a $12-million Pre-Series C raise in December 2025, led by Diligent Capital Partners, with participation from Plio Limited, Altara Capital, and members of Tonik’s management team.
The investment adds an experienced private equity operator to Tonik’s board at a time when the Philippine digital bank is sharpening its path towards a potential public listing.
“Krzysztof is one of the most accomplished investors in Emerging Europe,” Krasnov told this publication. “He spent years at CVC building businesses like Żabka, Comarch, Stock Spirits and PKP Energetyka, and chaired Żabka through its IPO, one of the largest European listings of 2024.”
