Fresh funding? Yes, please. Digital lender Salmon Group has just raised $100M in a mix of debt and equity. 

• The firm raised $60M in equity and $40M through public bonds.

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Investor check. Spice Expeditions led the equity round, with Washington University Investment Management Company, Moore Strategic Ventures, FJ Labs, and existing shareholders joining in. 

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🍣 Salmon’s growth game

Founded in 2022, Salmon targets underbanked and unbanked Filipinos with their alternative lending services. 

• In 2025, they acquired a controlling stake in the Rural Bank of Sta. Rosa (Laguna), which enabled them to operate as a Bangko Sentral Pilipinas (BSP)-licensed bank. 
• BSP is the Philippines’ central bank.

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🫡 What’s next? 

They’ll use the capital to develop products, expand distribution, scale their lending portfolio, and grow Salmon Group’s overall balance sheet.

• They’ll also further capitalize Salmon Bank.