Southeast Asian fintech Salmon acquires controlling stake in Filipino bank
Once the deal is completed, Salmon will own 59.7% of the Rural Bank of Sta. Rosa (Laguna).
Once the deal is completed, Salmon will own 59.7% of the Rural Bank of Sta. Rosa (Laguna).
Salmon says the investment marks the “largest ever” debt financing for a Series A tech company in the Philippines.
Salmon claims to have over 2,000 customers and over 30 merchant partners for its lending product.