Salmon, a credit-led fintech company based in the Philippines, has completed an additional US$50 million Nordic bond issuance.
The round, which was significantly oversubscribed, increases the firm’s total Nordic bond financing to US$110 million.
The funding follows Salmon’s inaugural US$60 million issuance in April 2025.
Proceeds will be used to support the company’s plans to expand, develop new products, and strengthen its financial position.
“This transaction is a strong endorsement of our business model and the market’s confidence in our strategy,”
said Pavel Fedorov, Co-Founder of Salmon.
“We are opening a new chapter for the Philippine financial services industry, supported by strong macro tailwinds, a growing consumer class, and a robust regulatory framework. This funding allows us to scale faster and continue transforming the legacy banking industry in the Philippines and across Southeast Asia.”
Salmon focuses on building a consumer banking platform in Southeast Asia, with an emphasis on technology-driven services tailored to underserved markets.
Featured image credit: Edited by Fintech News Philippines, based on image by patcharananworrapatchareeroj via Freepik
