SALMON RAISES $100M TO EXPAND DIGITAL CREDIT IN PHILIPPINES

Salmon targets consumers with limited or no credit history, addressing a market gap left by incumbent lenders plagued by reliability issues. The Philippines has millions of unbanked adults, creating significant opportunity in the consumer lending space. The funding structure—combining equity and debt—reflects Salmon's dual strategy: growth capital for expansion alongside debt financing to support its lending operations. With $160M in equity raised to date, the company has become a major player in Philippine fintech. The investment underscores growing investor confidence in emerging market consumer finance, particularly in Southeast Asia where digital banking penetration remains low. Salmon's focus on financial inclusion addresses both consumer demand and regulatory interest in expanding credit access to underserved populations.