Filipino Financial Services Salmon Group raised $ 88 million to expand its business in the Asian country.
Financing includes a $ 60 million decline from a three -year Scandinavian bond agreement worth $ 150 million, as well as $ 28 million in new capital received from US institutional investors and existing shareholders.
The Circle of Equity was headed by Spice Expeditions, Venture Capital, created by Nick Huber.
Investors include an international financial corporation, a sovereign Abu -Dabi/Lune, Northtar, Back Capital and various stakeholder
Co-founder Sasius Pavel Fedorov said: “Salmon is in the Mission on the Revolution in Banking in Southeast Asia. For too long, outdated banks in the region provide a non-standard product, services and experience of customers, this is the right.
“In Salmon, we believe in the quality of our technology and our own solutions to attract customers the best products from which the most expanded rights and the ability to access the loan.
In 2024 salmon obtained a regulatory statement From the Bangko -Senet Council Council NG Pilipinas (BSP) to acquire control interest in the rural bank. Rose (Launa).
Founded in July 2022 by the professionals of Galina Fedorov, George Chesakov and Rafi Montemoner, Salmon Group has SEC licenses for their credit companies in the Philippines.
The firm is aimed at creating a technological banking model focused on loans in Southeast Asia with the Philippines as the initial market.
Founded in July 2022, salmon uses AI technology and its own credit engine to provide various consumer credit products, including loan for salmon, a batch of salmon and cash loans.
Last year, the bank regulated by BSP, at the back of its consumer loans, introduced a deposit with salmon savings, offering 8.88% of the Philippines deposit.
“Fintech Firm Salmon completes funds at $ 88 million” was originally created and published Retail banker InternationalA brand owned by Globaldata.
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