About Salmon
Salmon is a company based in Taguig (Philippines) founded in 2022 by George Chesakov and Raffy Montemayor. It operates as a FinTech, and PaaS (Platform-as-a-Service). Salmon has raised $83 million across 5 funding rounds from investors including International Finance Corporation, Lunate and Argentem Creek Partners. Salmon offers products and services including Salmon Product Loan, Salmon Credit Line, and Personal Loan. Salmon operates in a competitive market with competitors including Mynt, ProCredit, Esquire Financing and Easycreditx, among others.
- Headquarter Taguig, Philippines
- Founders George Chesakov, Raffy Montemayor
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Salmon Group Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$83 M (USD)
in 5 rounds
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Latest Funding Round
$28 M (USD), Series A
Jun 17, 2025
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Investors
International Finance Corporation
& 6 more
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Employee Count
Employee Count
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Products & Services of Salmon
Salmon offers a comprehensive portfolio of products and services, including Salmon Product Loan, Salmon Credit Line, and Personal Loan. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Product loans are offered for affordable monthly installments.
Credit lines are provided to select existing clients.
Personal loans are selectively offered to current clients.
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Funding Insights of Salmon
Salmon has successfully raised a total of $83M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $28 million completed in June 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $28.0M
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First Round
First Round
(20 Jul 2023)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Debt – Conventional - Salmon | Valuation |
investors |
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| Jun, 2025 | Amount | Series A - Salmon | Valuation | Spice | |
| Oct, 2024 | Amount | Series A - Salmon | Valuation | IFC , Lunate |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Salmon
Salmon has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include International Finance Corporation, Lunate and Argentem Creek Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Alternative investment management services are provided in private markets.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage investments
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Salmon
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Salmon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Salmon Comparisons
Competitors of Salmon
Salmon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mynt, ProCredit, Esquire Financing and Easycreditx, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mynt is recognized as a provider of financial technology solutions.
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| domain | founded_year | HQ Location |
Financing solutions are provided for small and medium-sized enterprises.
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| domain | founded_year | HQ Location |
SME loans are provided to businesses in the Philippines.
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| domain | founded_year | HQ Location |
Provides online loan solutions for various financial needs.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Salmon
Frequently Asked Questions about Salmon
When was Salmon founded?
Salmon was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Salmon located?
Salmon is headquartered in Taguig, Philippines. It is registered at Taguig, National Capital Region, Philippines.
Is Salmon a funded company?
Salmon is a funded company, having raised a total of $83M across 5 funding rounds to date. The company's 1st funding round was a Series A of $30M, raised on Jul 20, 2023.
What does Salmon do?
Salmon is managed as an online lending platform through the Salmon app, powered by Salmon Group Ltd. Financial solutions such as product loans, credit lines, and personal loans are provided to customers across the Philippines. Operations are supported in over 5,000 partner stores nationwide, focusing on consumer goods like gadgets, clothes, and appliances. Security is ensured through biometric measures and AI-driven fraud detection. Services are regulated under Sunprime Finance, Inc. and other partner entities.
Who are the top competitors of Salmon?
Salmon's top competitors include Mynt, ProCredit and Esquire Financing.
What products or services does Salmon offer?
Salmon offers Salmon Product Loan, Salmon Credit Line, and Personal Loan.
Who are Salmon's investors?
Salmon has 7 investors. Key investors include International Finance Corporation, Lunate, Argentem Creek Partners, Northstar Group, and Spice Expeditions.
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