From cash loans to motorbikes: Salmon bets US$140M on secured lending in the Philippines
Salmon Group has raised a fresh US$140 million, its second financing in six months and the largest in its four-year life, as the Manila-based lender bets that motorcycles and small businesses can carry its next leg of growth. The announcement on Monday is notable for what it leaves out. Salmon describes the money only as […] The post From cash loans to motorbikes: Salmon bets US$140M on secured…
Salmon Group, a Manila-based lender, has raised US$140 million in financing, its largest in four years, as it focuses on motorcycle loans and small business lending. The company describes the money as "additional financing" and thanks its existing investors without disclosing the specifics of equity and debt proportions, leadership, or valuation.
Salmon's previous financing rounds included US$20 million and US$30 million in debt, with the most recent round in June 2025 being US$88 million, comprising US$28 million in equity and a US$60 million drawdown from a Nordic bond. The company's fundraising has surged since June 2025, with US$240 million raised in the past six months alone.
Salmon plans to use the funds to expand its profitable lending products and offer new products like motorcycle loans and MSME (micro, small, and medium enterprises) loans. The company's strategy focuses on the Philippines, believing in its scale and the importance of focus for a differentiated execution.
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