Philippine consumer fintech startup Salmon secures $20 million credit facility

CEBU, Philippines — Salmon, a new player in the Philippine consumer fintech market, secured a $20 million line of credit from US-based specialist emerging markets investor Argentum Creek Partners, according to an announcement.

Founded last July by Pavel Fedorov, George Chesakov and Raffy Montemayor, Salmon provides clients with access to financial products from partners registered with the Philippine Securities and Exchange Commission, including online lending platform Sunprime Finance and financial services specialist FHL Financing Company.