Philippine Fintech Draws $100M in Oversubscribed Round Amid Global Funding Drought

Salmon Group, a three-year-old Philippine fintech, closed a $100 million oversubscribed funding round ($60M equity, $40M bonds at 13.7% yield) led by Spice Expeditions. **Analysis:** The round's robust institutional backing—including Washington University Investment Management and Moore Strategic Ventures—suggests sustained investor conviction in Philippine digital financial services despite broader market contraction. The dual BSP banking and SEC financing licenses enable competition with GCash and Maya.