Financing platform secures $140M to expand lending services in the Philippines
3 reports, 1 independent
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What happened
A technology-driven banking and lending platform secured $140 million in financing to continue its growth in the Philippines. The platform operates through Salmon Bank, a BSP-licensed rural bank, and Salmon Finance, an SEC-licensed financing company. The company serves millions of Filipinos through its financial services application.
From manilatimes.net
Why it matters
The financing supports the platform's expansion in the Philippines, where it uses an AI-powered credit engine to provide credit decisions quickly to customers who have limited credit history. The company aims to remove financial barriers for Filipinos.
From manilatimes.net
Who's involved
- Pavel FedorovCo-founder of the technology-driven lending platform
- PhilippinesGeopolitical state where the platform is expanding its operations
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The entities involved
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SEC
Slovak company
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Philippines
archipelagic country in Southeast Asia