Manila-based Salmon, a consumer finance app targeting underbanked Filipinos, raised $60M in equity and $40M in debt; it raised $310M to date, $160M in equity (Kate Park/TechCrunch)
THE SO WHAT
Salmon stacking $60M equity on $40M debt—$310M total raised—to lend into underbanked Filipinos shows consumer credit in Southeast Asia is entering the scale phase, not experimentation. If you’re a fintech or retailer in the region, assume embedded lending will become table stakes and plan partnerships or licenses now.
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