Salmon

Southeast Asian consumer fintech offering installment loans, revolving credit, savings products, and digital banking to underbanked Filipinos

Fintech 📍 Manila, Philippines Founded 2022

Current Valuation

Private

as of 2026-Q2

PRIVATE

Salmon is a Manila-based consumer fintech building an integrated lending and digital-banking platform for the Philippines, founded by former Tinkoff executives Pavel Fedorov and George Chesakov together with Raffy Montemayor. Its products span point-of-sale installment loans, a revolving credit line, and a BSP-regulated bank offering deposit and savings products. In April 2026 it announced a $100M equity-and-debt round to expand digital credit to underbanked Filipinos, on top of an $88M raise in mid-2025 and earlier IFC funding.

Company Profile

CEO

Pavel Fedorov

Founded

2022

Manila, Philippines

Employees

~400

Total Raised

$220M

Growth

$100M raised in April 2026; building BSP-licensed bank serving underbanked Filipinos

Last Round

Equity + Debt — $100M (Apr 2026) · Lead: Undisclosed (equity + debt mix)

IPO Status

private

Founders & Key People

Pavel FedorovGeorge ChesakovRaffy Montemayor

Investors

DST Partners · International Finance Corporation (IFC) · Argentem Creek Partners · ADQ · Lunate

Products

Salmon Loans (point-of-sale installment lending)
Salmon Credit (revolving credit line, limits up to PHP 250,000)
Salmon Bank (BSP-regulated digital bank)
Savings & Deposit Products

Competitors

Tonik Bank · GCash (Mynt) · Maya Bank · UnionDigital Bank · Atome · Home Credit Philippines

FintechSoutheast AsiaPhilippinesDigital BankingConsumer Credit