Salmon Bank secures $140 million to broaden credit services across the Philippines
Digital lender Salmon Bank obtained $140 million in new financing to expand its credit line, in-store lending and launch motorcycle and MSME loans nationwide.
Salmon Bank announced a $140 million capital raise aimed at scaling its existing lending operations and introducing additional products. The funding will support the growth of its Salmon Credit Line and in-store financing platforms, as well as the rollout of motorcycle and micro, small and medium enterprise loans. Spice Expeditions, WashU and Moore contributed $90 million, while the remaining $50 million was raised through a bond issuance.
Why it matters
The funding enables a major fintech to broaden credit access for consumers and small businesses in the Philippines.
In this story
Salmon Bankfundingexpansionlending productsmotorcycle loansMSME financingbond issuancedigital lender
