Salmon Secures $50M in Oversubscribed Nordic Bond Offering

Salmon Group Raises $50 Million to Transform Everyday Banking in Southeast Asia

Salmon Group Ltd, one of the fastest-growing fintech companies in the Philippines, has successfully raised $50 million in its latest Nordic bond issue. The strong investor demand made the bond offer oversubscribed, showing high confidence in Salmon’s business model and future growth.

This comes just months after the company’s first $60 million bond issue in April 2025, bringing its total bond financing to $110 million under its $150 million framework. Simply put, Salmon continues to attract international investors who believe in its goal of changing how Filipinos manage their money.

Raffy Montemayor, Co-Founder of Salmon, shared that the company’s mission is all about making financial services simple, inclusive, and reliable for everyone. “We are opening a new chapter for Philippine financial services built on innovation, inclusion, and trust. The Philippines is at the center of Southeast Asia’s growth story, and we see a huge opportunity to reshape the industry,” he said.

Through Salmon Bank and Sunprime Finance, the company already offers practical financial products that Filipinos can use daily — such as credit lines, cards, consumer and motorcycle loans, and now, high-yield savings deposits.

Montemayor added, “This successful bond issuance validates the confidence that international investors have in both the Philippines and Salmon’s long-term vision. With this new funding, we are poised to scale faster, bring world-class financial services closer to millions of Filipino families, and redefine what banking can mean in our region.”

Pareto Securities acted as the sole bookrunner and underwriter of the transaction.