Salmon, the fintech innovator on a mission to drive financial inclusion across Southeast Asia, has earned a spot on the “Next 100 Global Companies to Watch” list at the Global Banking & Finance Awards 2024. The accolade highlights the company’s efforts in transforming the financial services sector, particularly in reaching over 500 million individuals who remain underserved by traditional banking systems.
The “Next 100 Global Companies to Watch” is a highly respected global ranking that recognizes forward-thinking companies shaping the future of their industries. For Salmon, the recognition underscores the company’s success in bridging the financial gap by delivering accessible, technology-driven solutions tailored to underserved communities across Southeast Asia.
“We are honored to be named among the ‘Next 100 Global Companies to Watch,’” said Pavel Fedorov, co-founder of Salmon. “This achievement reflects the dedication of our team to revolutionize financial services in the region. It inspires us to continue expanding our reach, ensuring more individuals and businesses can access the financial tools they need to thrive.”
Founded with a mission to provide equitable credit access, Salmon has rapidly gained traction with its flagship product, the Salmon App. The app simplifies the loan application process, offering seamless management and payment functionalities for its users. With an impressive 4.7-star rating, the app stands as testament to Salmon’s commitment to user-centric design and accessibility.
Raffy Montemayor, chairman of Salmon’s bank subsidiary, emphasized the company’s ongoing mission: “This recognition from the Global Banking & Finance Awards validates our vision of bridging the gap between fintech and traditional banking. As we scale our impact, we remain focused on creating solutions that empower individuals and businesses, helping them achieve financial independence and success.”
With support from leading investors, including the International Finance Corporation (IFC) and ADQ/Lunate, Salmon’s growth trajectory shows no signs of slowing. A recent USD30 million funding round will fuel the company’s plans to launch new credit and debit products in 2025, further cementing its position as a key player in Southeast Asia’s rapidly evolving financial ecosystem.
