Tendo's New Leadership: Experienced Digital Lending Expert, Mike Singh, Assumes Presidency Following His Appointment by Tonik
In a significant move for the Filipino digital banking sector, Mike Singh has been appointed as the President of Tendo, the SEC-licensed consumer lending subsidiary of Tonik Financial - the Philippines’ first fully digital bank licensed by the Bangko Sentral ng Pilipinas.
Singh, a seasoned digital lending professional with extensive experience across major financial institutions, including UnionDigital, Grab Financial, and HSBC, takes over the role from Kacper Marcinkowski, Tendo's founder.
Tendo, known for its B2B2C payroll model, has been redefining mass-market credit in the Philippines by extending instant, affordable credit access to over 150,000+ employees. Notable employers onboarded by Tendo include Concentrix, the Philippines' largest private employer. Under Marcinkowski's leadership, Tendo's loan portfolio has been surging, with a 200% year-on-year growth since 2022.
In his new role, Singh assumes full profit and loss (P&L) ownership of Tendo. He will lead the company as it aims to expand nationally, building on the strong foundation laid by Marcinkowski. Singh also joins Tonik’s Group Management Board, reporting directly to CEO Greg Krasnov, and serves as Chief Strategy & Ecosystem Officer for the Tonik Group, focusing on scaling strategic partnerships and embedded finance initiatives.
Singh's background in driving significant loan book growth and scaling new ventures is seen as crucial for Tendo's next stage of expansion. He previously served as Chief Commercial Officer of UnionDigital Bank and led lending and ecosystem partnerships at Grab Financial.
Mike Singh assumed office on 16th June 2025, and Kacper Marcinkowski expressed his confidence in Singh's ability to scale both Tendo's impact and ambition. Singh is excited about the opportunity to lead Tendo and take it to new heights.
[1] Tonik Financial appoints Mike Singh as President of Tendo, its SEC-licensed consumer lending subsidiary, PR Newswire, 15 June 2025. [2] Mike Singh, digital lending veteran, joins Tonik Financial, Rappler, 15 June 2025. [3] Tonik Financial appoints Mike Singh as President of Tendo, BusinessWorld, 15 June 2025.
- Mike Singh, with his extensive experience in business and finance, particularly within digital lending and technology sectors, is poised to leverage these skills as he steers Tendo, Tonik Financial's SEC-licensed consumer lending subsidiary, towards national expansion.
- As a key member of Tonik Financial's Group Management Board, Mike Singh, the new President of Tendo, will not only assume full profit and loss (P&L) ownership but also focus on cultivating strategic partnerships and embedded finance initiatives, which are crucial for the company's growth in the technology-driven business landscape.
