# Salmon

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/salmon

- Industry: Financial Services
- Headquarters: Taguig City, Philippines
- Website: www.salmon.ph
- Total disclosed funding: $177M
- Investors on record: 6

## About

Based in Taguig City, Philippines, and founded in 2022, Salmon Group Ltd. offers a financial mobile lending application platform. The company was founded by Pavel Fedorov, George Chesakov, and Raffy Montemayor. In April 2026, Salmon Group raised USD 100 million in venture funding and debt funding led by Spice Expeditions, with participation from International Finance Corporation, Lunate, University of Washington Endowment, Moore Strategic Ventures, and FJ Labs.Salmon offers a Buy Now, Pay Later (BNPL) service that allows customers to finance their purchases in monthly installments. Customers can borrow money with a 10% down payment. The service is available at over 2,000 partner retail locations, providing access to a variety of products, including electronics, furniture, clothing, and more. The company uses biometric security and AI-driven fraud prevention. The company will use the April 2026 funding to expand its product line, broaden its distribution network across the Philippines, increase the capitalization of Salmon Bank, and scale its lending portfolio.

## Funding rounds

- Round, Oct 19, 2026, $140M — Moore, Spice Expeditions, WashU
- Series A, Oct 2, 2024, $30M — IFC Venture Capital, Lunate
- Series A, Apr 26, 2024, $7M — Northstar Group, IFC Venture Capital

## Investors

- Northstar Group (https://capitalatlas.ai/funds/northstar-group) — Series A
- IFC Venture Capital (https://capitalatlas.ai/funds/ifc-venture-capital) — Series A
- Lunate (https://capitalatlas.ai/funds/lunate) — Series A
- Moore
- Spice Expeditions (https://capitalatlas.ai/funds/spice-expeditions)
- WashU