Philippine fintech Salmon raises $140 million in equity and debt
Salmon, a digital lender, secured $140 million in financing, including $90 million in equity and $50 million from a bond issuance. The funds will support new nationwide lending products.
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What happened
Philippine fintech firm Salmon, described as a digital lender, has secured $140 million in additional financing. The package includes $90 million in equity and $50 million raised through a bond issuance. The company plans to use the funding to launch new lending products nationwide.
Why it matters
The funding is intended to support Salmon's expansion and its new nationwide lending products.
Timeline
- Oct 19, 8:18 AM ET: Salmon secured $140 million in additional equity and debt financing.
- Oct 19, 5:24 PM ET: Salmon announced it will launch new lending products nationwide using the new financing.
Coverage
- Salmon Bank bags $140M funding for expansion, new products (business.inquirer.net)
- Philippines fintech Salmon secures $140m in additional equity, debt (Mars W. Mosqueda Jr.)
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