Salmon secures 100M for digital credit in the Philippines targeting underbanked borrowers

Bank account is not the hurdle it sounds like

Salmon has raised $100M in equity and debt to expand digital credit for underbanked Filipinos, including people with little or no credit history. The startup is also aiming at borrowers frustrated by the reliability gaps of incumbent lenders. With the funding, Salmon plans to widen access to credit while navigating a market where traditional underwriting can leave many behind.