Salmon Secures $100 Million Funding Round Led By Spice Expeditions And Other Investors

Salmon, a Manila-based consumer finance app, has successfully raised $100 million through a combined equity and debt round, which includes $60 million in equity and $40 million in debt. The funding will facilitate scaling operations and product expansion.

Summary of transaction details:

• Deal Type: Equity and Debt Round
• Transaction Amount: $100,000,000
• Company: Salmon
• Founders: Pavel Fedorov, George Chesakov, and Raffy Montemayor
• Headquarters: Manila, Philippines
• Notable Investors: Spice Expeditions, Washington University Investment Management Company, Moore Strategic Ventures, and FJ Labs, along with prior backers such as IFC, ADQ, Lunate, and Antler VC

Founded by former executives at Russian digital bank Tinkoff, Salmon aims to provide a full suite of financial products including credit lines, installment and cash loans, motorbike financing, and deposits. The company is focused on enhancing digital credit access for underbanked Filipinos.