Salmon Group

Salmon Group is a fintech company in the Philippines that provides lending and banking services through a BSP-regulated rural bank and financing companies. Its work spans artificial intelligence, digital banking and consumer lending. Products include Salmon Bank, a rural bank offering banking services and time deposits, as well as revolving credit lines, product loans and moto loans for motor vehicle financing.

The company reports more than $350m in total funding, over 7m app downloads and 2m monthly active users. It operates in the Philippines and the wider Southeast Asia market. Investors include the International Finance Corporation (World Bank Group) and ADQ/Lunate, the sovereign wealth fund of Abu Dhabi.

Salmon was founded by fintech and banking veterans Pavel Fedorov, George Chesakov and Raffy Montemayor. It states a mission to challenge traditional banking with transparent, fast and flexible services, combining advanced AI capabilities with a human touch and an empathetic customer service approach. It adheres to customer protection standards set by BSP, SEC, the International Finance Corporation and the SPTF/Cerise Customer Protection Pathways framework, and focuses on building products that help customers from every walk of life achieve their financial goals.