Source: https://fintech.ph/listing/salmon

S

# Salmon

Financing reimagined with smart loans, credit and savings

[Lending](https://fintech.ph/category/lending) [Buy Now Pay Later](https://fintech.ph/category/bnpl) [Digital Banking](https://fintech.ph/category/digital-banking) [Financial Inclusion](https://fintech.ph/category/financial-inclusion)

[Visit website](https://salmon.ph/)

- **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) Lunate Antler Moore Strategic Ventures FJ Labs Spice Expeditions Washington University Investment Management Company

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

## People

- Pavel Fedorov Co-Founder
- George Chesakov Co-Founder
- Raffy Montemayor Co-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](https://www.bworldonline.com/banking-finance/2024/01/10/567855/bsp-approves-salmon-banking-license/)
- BSP-supervised Certification
- SEC-registered financing company Certification
- PDIC-insured bank deposits up to PHP 1,000,000 per depositor per bank Certification

## News

- [Salmon secures ₱8.8 billion in financing for Philippine lending Weekly Brief, week of 19 October 2026](https://fintech.ph/brief/2026-10-19#story-1)

Something out of date? [Suggest a correction](https://fintech.ph/contact)

## Contact and links

[salmon.ph](https://salmon.ph/)

- [tiktok](https://www.tiktok.com/@salmonphilippines)
- [facebook](https://www.facebook.com/salmonphilippines)
- [linkedin](https://www.linkedin.com/company/salmonphilippines)
- [instagram](https://www.instagram.com/salmon_philippines)

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[More in Lending](https://fintech.ph/category/lending)

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From fintech.ph, an independent directory of fintech companies in the Philippines, as of October 27, 2026. Please link to https://fintech.ph/listing/salmon when citing this page.