Salmon, a fintech company in the Philippines that focuses on lending, has raised an extra US$50 million through a Nordic bond sale.
The funding round was very popular with investors, and as a result, Salmon’s total Nordic bond funding has now reached US$110 million.
This funding comes after Salmon’s first bond sale of US$60 million in April 2025.
The money will be used to help the company grow, create new products, and make its finances stronger.
“This transaction is a strong endorsement of our business model and the market’s confidence in our strategy.”
“We are opening a new chapter for the Philippine financial services industry, supported by strong macro tailwinds, a growing consumer class, and a robust regulatory framework. This funding allows us to scale faster and continue transforming the legacy banking industry in the Philippines and across Southeast Asia.”
Salmon is working on building a consumer banking platform in Southeast Asia.
It focuses on using technology to offer services designed for people and markets that don’t have enough access to banking.
In 2023, the bank and finance companies joined under one owner called Salmon Group Ltd. This marked the start of a new phase of growth and innovation.
Salmon Group is backed by top global investors, including the International Finance Corporation (part of the World Bank Group) and ADQ/Lunate, the sovereign wealth fund of Abu Dhabi. New investors added more than PHP 4.3 billion in capital to Salmon Group. The Bangko Sentral ng Pilipinas (BSP) also approved the main shareholders of Salmon Group as “fit and proper” to become controlling owners of the bank.
On April 2, 2023, Sunprime Financing Inc. submitted an Affidavit of Compliance to update its existing product “LoanOnline.” This change was part of its updated business plan, supported by MC19.
Read more- Ecosoul Raises $20 million Series B to Expand Sustainable Homeware
