Salmon raises $100M in equity and debt to expand digital credit services in the Philippines
Salmon, a Manila-based consumer finance app, has raised $60 million in equity and $40 million in debt to provide digital credit services to underbanked Filipinos. The company, founded by former Tinkoff employees, aims to address gaps in the Philippines' financial system by offering a range of financial products. The startup acquired a rural bank in 2024 to secure a banking license.
Topics: consumer finance digital banking financial services Southeast Asia startup funding unbanked population