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    Salmon

    Financing reimagined with smart loans, credit and savings

    LendingBuy Now Pay LaterDigital BankingFinancial Inclusion
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    Founded
    2022
    Headquarters
    Metro Manila, Philippines
    Stage
    Growth
    Total raised
    ₱13.3B
    From recorded rounds
    Licences
    2
    SEC, BSP

    Overview

    Salmon is a consumer-finance fintech founded in 2022 by Pavel Fedorov, George Chesakov and Raffy Montemayor, serving underbanked Filipinos. It offers a revolving credit line, installment product loans, motorcycle financing and bank time deposits through the Salmon app. The group operates BSP-licensed Salmon Bank (Rural Bank) Inc. and SEC-licensed Salmon Finance Inc. Its recorded financing history includes a US$30M Series A-2 in October 2024, US$88M in equity and bonds in June 2025, and US$100M in equity and bonds in April 2026. Recorded events total US$234M; this partial history excludes unused bond-program capacity.

    Products

    • Salmon Credit Line
    • Product Loan (installment / BNPL)
    • Moto Loan
    • Time Deposit
    • Salmon Card (virtual card / QR Ph)

    Serves

    Underbanked consumers

    Funding and ownership

    Total raised

    ₱13.3B

    Sum of recorded funding rounds

    Stage

    Growth

    Parent organisation: Salmon Group Ltd

    Investors and shareholders

    DisruptAD (ADQ)International Finance Corporation (IFC)LunateAntlerMoore Strategic VenturesFJ LabsSpice ExpeditionsWashington University Investment Management Company

    Figures are calculated from the funding rounds recorded for this company.

    People

    • Pavel FedorovCo-Founder
    • George ChesakovCo-Founder
    • Raffy MontemayorCo-Founder & Philippines Business Head

    Licences and certifications

    • SEC Certificate of Authority No. 1241 (Sunprime Finance Inc.)
    • BSP-licensed rural bank (Salmon Bank)Check: BSP approves Salmon banking license
    • BSP-supervisedCertification
    • SEC-registered financing companyCertification
    • PDIC-insured bank deposits up to PHP 1,000,000 per depositor per bankCertification

    News

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