Philippine Fintech Closes $100M Round as Investors Back Digital Banking Play

Salmon Group, a three-year-old Philippine fintech, raised $100 million—$60 million in equity and $40 million in bonds—led by Spice Expeditions. Major institutional investors including Washington University and Moore Strategic Ventures backed the round. The dual banking and finance licenses position Salmon to compete directly with local digital-payments leaders GCash and Maya, signaling investor confidence in the market despite broader funding slowdowns.