FundingAPAC

Salmon Raises $100M for Banking and Lending Platform in Southeast Asia

Salmon, a Philippines-based technology-driven financial services holding company, raised $100 million in a financing round reported on Apr 24, 2026. The funding consisted of a $60 million equity component and a $40 million public bond issuance. Salmon is building a banking and lending platform serving customers across Southeast Asia.

The hybrid equity-and-bond structure reflects the company's access to both private and public capital markets. No specific investors were named in the reporting. The round was the second-largest fintech deal in a week that saw 17 deals totaling $623 million.

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Implications
  • Large funding rounds in Southeast Asian fintech signal maturing embedded finance markets beyond traditional Western geographies
  • Hybrid equity-bond structure may become a model for later-stage fintechs seeking diversified capital sources
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