2018
Year founded
500-600
Number of Employees
“ We have a unique opportunity to build a very profitable operation . We think that , if we do our job right , then probably sometime next year , we should be hitting overall bank profitability ”
GREG KRASNOV FOUNDER AND CEO , TONIK
visited by the team in the year it has been fully operational .
“ Up until last month I hadn ’ t actually been to Manila in two years . I ' ve been operating out of Singapore ,” says Krasnov . “ I haven ' t been to Chennai ( India ) either , and Chennai is where we do all of our R & D . We have 150 people there now .”
In Manila , growth has been even more sharply marked , with the operation expanding from just five employees to 300 employees within 12 months . Despite the lack of in-person contact , the challenges have been managed and overcome with excellent results , proving that digital operations can be just as effective as faceto-face management .
“ It ' s been an interesting challenge to build the business completely digitally and completely virtually . Until last month , I hadn ’ t met half of my management committee members . I had no idea how tall they were , for example . It ' s a really interesting way of building a business , but we ' re born in the cloud , right ? We ' re literally built from scratch this way and that gives us a real big advantage going forward .”
Krasnov jokes that the entire process has had a façade of unreality about it – and likens the bank ’ s journey to that of virtual