Salmon Bank Bags $140M Funding for Expansion, New Products

SALMON SECURES $140 MILLION (PHP 8.8 BILLION) TO DOUBLE DOWN ON THE GROWTH OPPORTUNITY IN THE PHILIPPINES

$90 million financing committed by Spice Expeditions, WashU and Moore and $50 million of bond proceeds to fund the scaling of profitable lending and launches of new...

Salmon Bank bags $140M funding for expansion, new products

MANILA, Philippines — Salmon Bank, a digital-focused lender, is launching new lending products nationwide and scaling its existing lending business after securing $140 million in fresh financing. In a statement, Salmon said the proceeds will fund scaling its Salmon Credit Line and in-store lending businesses, as well as rolling out motorcycle and micro, small, and medium

Salmon Secures P8.8 Billion Financing to Take Motorcycle and MSME Loans Nationwide

Salmon Group has secured P8.8 billion (US$40 million) in additional financing for its Philippine business, the Manila Standard reported. The company said the proceeds will fund the scaling of profitable lending, including Salmon Credit Line and in-store lending. The money will also go towards the nationwide rollout of new products such as motorcycle and micro, [...]