Salmon Raises Usd 20Mm Of Financing, Setting A Record For Series A Tech Companies In The Philippines
Salmon Raises Usd 20Mm Of Financing, Setting A Record For Series A Tech Companies In The Philippines
07/20/23, 12:34 PM
Location
philippinesMoney raised
$20 million
Industry
lending
fintech
finance
financial services
Round Type
series a
Investors
Argentem Creek Partners
Consumer fintech Salmon today announces it has secured a USD 20MM debt facility from U.S. emerging-markets specialist investment firm Argentem Creek Partners, enabling Salmon to further scale its lending operations across the Philippines. Building on significant investor interest in the debt placement, Salmon will expand its loan book, leveraging its existing point-of-sale and cash loan lending, and will launch new disruptive products in the second half of 2023.
Company Info
Location
philippines
Additional Info
Fintech Holdings Ltd (“Salmon”) was founded in July 2022 by banking and fintech veterans Pavel Fedorov, George Chesakov, and Raffy Montemayor. Today, Salmon has more than 140 professionals in its Manila headquarters. Its platform enables customers to access financial products from the following partners registered with the Securities and Exchange Commission (SEC) in the Philippines:
Sunprime Finance Inc. - SEC Registration Number CS201916698 with Certificate of Authority Number 1241 (Online Lending Platform)
FHL Financing Company, Inc. - SEC Registration Number 2022100071291-07 with Certificate of Authority Number F-22-0038-29 (Service App only)
Please read the terms and conditions before availing any loan from Salmon’s financing partners.