Tendo by Tonik, the market-leading provider of digital-powered financial wellness solutions, has announced the official availability of its services to Concentrix, the Philippines’ largest private employer with over 100,000 team members. This strategic initiative marks a significant step in expanding financial wellness tools to a broader employee base, reinforcing Tendo’s mission of empowering workers through innovative, accessible financial solutions.
Concentrix employees now gain access to Tendo’s wide range of digital tools designed to improve financial wellbeing. These include flexible salary-deducted loans, personalized budget coaching, and high-yield savings products. With this partnership, Tendo strengthens its position as a trusted provider to large-scale organizations, already collaborating with over 180 employers nationwide and reaching hundreds of thousands of workers across the country.
Tendo’s digital-first platform supports several critical areas for employers:
- Employee Engagement and Retention: Tendo’s cost-effective financial wellness programs, combined with access to responsible credit and easy savings tools, help employees gain confidence in managing their day-to-day finances.
- Talent Acquisition: By offering such facilities, employers enhance their overall benefits package, making them more attractive to potential hires.
- Loan Operations: Tendo’s cutting-edge technology streamlines loan processing and lending operations, aligning with the expectations of today’s modern, digital-savvy workforce.
As an affiliate of Tonik Digital Bank—the Philippines’ first digital and credit-led bank—Tendo leverages advanced underwriting models and AI-driven risk management to ensure sustainable lending margins. This partnership with Concentrix not only broadens Tendo’s reach but also supports Tonik’s accelerated user growth and strengthens its revenue potential. Together, they highlight Tonik’s clear path to profitability in what is considered one of Southeast Asia’s most under-penetrated consumer finance markets.
“We believe that empowered employees are the foundation of any successful business,” said Kacper Marcinkowski, CEO of Tendo by Tonik. “Making this available for Concentrix ensures thousands more people can easily access financial tools designed to reduce stress, encourage savings, and strengthen overall workplace engagement.”
For Concentrix, employee wellbeing has long been a priority. By integrating Tendo’s services, the company reaffirms its commitment to the holistic care of its “game-changers,” the term it uses for its employees. “At Concentrix, we focus on holistic wellbeing for our game-changers and that includes their financial stability,” said Hazel Banas, VP for People Solutions at Concentrix Philippines. “The availability of Tendo’s services supports our efforts to enable various means for our game-changers to manage their financial needs in a secure and responsible way,” she concluded.
This collaboration is expected to create a positive ripple effect, enhancing employee satisfaction and strengthening workplace culture. By equipping employees with the right financial tools, Concentrix positions itself as a forward-thinking employer that understands the importance of financial wellness in retaining top talent and maintaining a motivated workforce.
Tendo’s continued expansion with large employers like Concentrix also sets the stage for broader adoption of digital financial wellness tools across the Philippines. As more organizations recognize the link between financial stability and employee performance, partnerships like this one are poised to play a pivotal role in shaping the future of workplace wellbeing.
With a strong focus on digital innovation, responsible lending, and employee empowerment, Tendo by Tonik is not only transforming individual financial journeys but also helping large employers create healthier, more resilient workforces.
