Salmon Raises $88 Million to Grow its Business in the Philippines, Sets Up a $150 Million Nordic Bond Framework Agreement for Scaling Up
Summary
Salmon raised $88 million to expand its fintech business in the Philippines and across Southeast Asia. The financing includes a $60 million drawdown from a Nordic bond framework and $28 million in new equity from institutional and existing investors. Salmon says it will use the capital to scale its credit-led banking platform, launch more products, and deepen customer reach. The company operates a regulated bank and financing arm and uses AI and a proprietary credit engine to deliver consumer credit and deposits.
Funding
Amount
$60.0M
Total raised
Date
June 17, 2025
Announcement date
Investors
International Finance Corporation
Lead investors
Company
https://salmon.ph
Funded company
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Fintech Software
Lending Platform Software
Banking Technology
Linked Companies
Salmon
$5M to $10M