Salmon Group operates a modern money app and a suite of financial products delivered through the Salmon app and runs a BSP-licensed bank (Salmon Bank) and an SEC-licensed financing company (Salmon Finance). Founded in July 2022 by Pavel Fedorov, George Chesakov, and Raffy Montemayor, the company aims to be a challenger to legacy banks in the Philippines by focusing on customer experience and execution speed. Salmon highlights product metrics such as a 4.8 rating in both the App Store and Google Play and 99.9% uptime, and offers competitive retail features cited in the announcement (for example, Salmon Credit’s up to 62-day grace period and an 8% term deposit rate). The group is backed by prominent US venture investors as well as IFC (World Bank Group), ADQ/Lunate, Antler and notable Filipino investors. Salmon plans to use new capital to expand products, deepen distribution, and further capitalize Salmon Bank to grow its lending and deposit footprint. The company positions itself to scale its balance sheet and lending portfolio through a mix of equity and public debt financing.

Total raised

$263M

Funding rounds

7

Latest round

Equity

Latest activity

Apr 2026