Salmon secured $30m in a Series A-2 funding round led by the International Finance Corporation and Lunate to expand its financial services in Southeast Asia.

Oct 04, 2024•about 1 year ago

Amount Raised

$30 Million

TaguigFintechFinance

Investors

LunateInternational Finance Corporation

Description

Salmon, a FinTech firm, successfully completed a $30m Series A-2 equity financing round, significantly oversubscribed. The funds will be used to scale lending operations and enhance marketing efforts across retail locations in the Philippines.

Company Information

Company

Salmon Group

Location

Taguig, Manila, Philippines

About

Salmon Group Ltd. is a Philippine consumer fintech company that leverages AI and its proprietary credit engine to offer innovative credit products and a lifestyle banking platform. Additionally, Salmon operates a licensed bank (Rural Bank of Sta. Rosa Laguna Inc.) within the Philippines.

Related People

3 contacts

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends