Tookitaki Opens Manila Office to Support GCash, Maya, GoTyme
Tookitaki, a Singapore-based provider of AI-powered fraud detection and anti-money laundering systems, opened its first dedicated office in Manila at Ayala Triangle Tower One in Makati City after operating from shared workspace for a year.
Key Takeaway
Tookitaki's Manila office signals growing demand for AI-powered compliance tools in Philippine fintech.
Singapore-based Tookitaki opened its first dedicated office in Manila yesterday, moving into Ayala Triangle Tower One in Makati City.
The company specializes in AI-powered fraud detection and anti-money laundering systems for financial institutions. Its Philippine client list includes GCash, Maya, GoTyme, and PayMongo — all major players in the country's digital payment ecosystem.
Tookitaki founder and CEO Abhishek Chatterjee said financial crime has grown increasingly complex and institutions need intelligent technologies to keep pace. The Manila office brings these capabilities closer to Philippine financial institutions and supports their continued growth.
The systems detect complex fraud patterns and money mule networks while enhancing anti-money laundering protocols. President Isabel Ridad highlighted the strategic value of the Philippines' digital financial ecosystem and skilled talent pool as key drivers behind the expansion.
Tookitaki raised ₱1.14 billion ($19 million) in Series A funding, onboarding UOB as its first enterprise client and earning World Economic Forum Technology Pioneer status. The firm secured ₱2.7 billion ($45 million) in Series B funding, with strategic investor Thunes taking a majority stake to deepen Asia-Pacific presence.
The Manila launch follows Tookitaki's 2022 Indonesia expansion, where it hired local talent targeting banking and payment sectors during the country's FATF membership push. GCash, Maya, GoTyme, and PayMongo now have on-ground support from Tookitaki's Manila team to strengthen fraud detection and AML compliance as the BSP continues tightening oversight of Virtual Asset Service Providers under Circular 1108.
🇵🇭 Filipino Impact
GCash, Maya, GoTyme, and PayMongo now have on-ground support from Tookitaki's Manila team to strengthen fraud detection and AML compliance. This matters as BSP continues tightening oversight of Virtual Asset Service Providers under Circular 1108, requiring licensed exchanges and payment platforms to upgrade transaction monitoring systems. The dedicated office also creates local tech jobs in financial crime prevention.
This article was written based on reporting from Fintechnews.
