Salmon Group Ltd, one of the Philippines’ fastest-growing credit-led fintech companies, has successfully raised $50 million in an oversubscribed Nordic bond issue, further propelling its mission to build Southeast Asia’s next-generation consumer banking powerhouse.
This new capital raise follows Salmon’s $60 million inaugural bond issue in April 2025, bringing its total bond financing to $110 million under a $150 million Nordic bond framework. The strong demand—two times oversubscribed—highlights the global investor community’s confidence in Salmon’s growth trajectory, robust financial performance, and strategic vision.
“We are opening a new chapter for Philippine financial services built on innovation, inclusion, and trust,” said Raffy Montemayor, Co-Founder of Salmon. “As the Philippines stands at the center of Southeast Asia’s growth story—with its young, tech-savvy population, strong regulatory environment, and digital-first economy—we see incredible opportunities to reshape the industry. Through Salmon Bank and Sunprime Finance, we are proud to lead this transformation by offering products that address the everyday needs of Filipinos, from credit lines and cards to consumer and moto loans, and now high-yield deposits.”
Montemayor added, “This successful bond issuance underscores the trust and confidence that international investors have not only in the Philippines but also in Salmon’s long-term vision. With this fresh funding, we are set to scale faster, expand our reach, and bring world-class financial services closer to millions of Filipino families—redefining what banking means in our region.”
Pareto Securities served as the sole bookrunner and underwriter for the transaction.
