Salmon raises $100M in equity and debt to expand digital credit in the Philippines
Salmon, a Manila-based consumer finance app, has raised $100 million in equity and debt to expand its digital credit services in the Philippines, targeting underbanked individuals. The company was founded by former Tinkoff employees and acquired a rural bank in 2024 to secure a banking license. The Philippines has a large unbanked population and a growing mobile market, making it a key market for financial innovation.
Topics: acquisition digital banking fintech startup funding underbanked