Digital lending expert Mike Singh has been named President of Tendo, as announced by Tonik, a Fintech company.
In a significant move for the fintech industry in the Philippines, Mike Singh has been appointed as the President of Tendo, the SEC-licensed consumer lending subsidiary of Tonik Financial. As the first fully digital bank licensed by the Bangko Sentral ng Pilipinas (BSP), Tonik Financial is making waves in the market, and Tendo, specialising in providing salary-deducted credit to employees of leading employers in the Philippines, is a key part of this success.
Under the leadership of Kacper Marcinkowski, Tendo has onboarded over 300 employers, including the Philippines' largest private employer, Concentrix, and extended instant credit access to more than 150,000 employees. Notably, Concentrix is among the employers onboarded by Tendo. The loan portfolio of Tendo has been surging up to 200% year on year since 2022.
With Kacper Marcinkowski stepping down to launch his next venture, Mike Singh assumes the role of leading Tendo during a critical phase of expansion. Singh brings extensive experience in scaling fintech ventures in emerging markets, having previously served as Chief Commercial Officer of UnionDigital Bank and leading lending and ecosystem partnerships at Grab Financial.
At UnionDigital Bank, Singh achieved a 10-fold increase in the loan book by integrating alternative data for credit scoring, a strategy he aims to apply at Tendo to expand lending responsibly in a regulated environment. Recognised for his work in mass-market unsecured digital lending, Singh is well-positioned to lead Tendo towards dominating the country's digital lending space with a focus on scalability and compliance.
In his new role, Singh will have full P&L ownership and will also serve as the Chief Strategy & Ecosystem Officer of Tonik Group, focusing on scaling strategic partnerships and embedded finance. Greg Krasnov, Founder & CEO of Tonik Financial, praises Kacper Marcinkowski for building Tendo and welcomes Singh's appointment, stating that he is the right leader to scale both Tendo's impact and ambition. Singh expressed excitement about building on Kacper Marcinkowski's strong foundation and taking Tendo to a national scale.
With Mike Singh's appointment, Tonik Financial continues to solidify its market position in the rapidly growing fintech sector of the Philippines. The hiring of Singh follows Kacper Marcinkowski's stepping down and marks a significant advancement in Tendo's product line and expansion of its online lending offerings.
[1] Tonik Financial Press Release, 15 June 2025. [2] Tech in Asia, 16 June 2025.
- Mike Singh's appointment as the President of Tendo, a business at fintech company Tonik Financial, follows Kacper Marcinkowski’s departure, and he will manage Tendo's online lending offerings on ffnews.com.
- With his extensive experience in scaling fintech ventures in emerging markets and focus on scalability and compliance, Mike Singh aims to expand Tendo's technology-driven finance services, including finance and business sectors, to a national level.
