Salmon raises $100M in equity and debt to bring digital credit to underbanked Filipinos
TechCrunch·4h ago·Hope
What Happened
Salmon, a Manila-based fintech app, raised $60 million in equity and $40 million in debt to provide digital banking services to underbanked Filipinos. Founded by former Tinkoff executives Pavel Fedorov, George Chesakov, and Raffy Montemayor in March 2022, Salmon targets unbanked adults with limited credit history. The company acquired a rural bank in January 2024 to secure banking license.
Key Entities
SalmonPhilippinesPavel FedorovGeorge ChesakovRaffy MontemayorTinkoffManilafintech