Salmon Group Secures $140M to Scale Philippine Lending
Manila – October 19, 2026 -- Salmon Group, a technology-driven banking and lending platform in the Philippines, has secured an additional $140 million in financing to expand its lending operations in the country.
Financing combines $90 million in commitments with $50 million in bond proceeds
The round consists of $90 million committed by Spice Expeditions, WashU and Moore, plus $50 million of bond proceeds.
Proceeds will fund the scaling of profitable lending, specifically the Salmon Credit Line and in-store lending. They will also finance the nationwide roll-out of new products, including motorcycle and MSME lending.
Salmon reaches 9 million app downloads in under four years of operations
Salmon operates through two licensed entities: Salmon Bank (Rural Bank), licensed by the BSP, and Salmon Finance, licensed by the SEC. The company describes itself as one of the fastest-growing technology companies in the Philippines.