Salmon, one of the Philippines’ leading fintech innovators, has selected Oradian as its technology partner, and adopted its advanced core system to drive its growth strategy.
Salmon is a consumer fintech built by a team of finance professionals and entrepreneurs and backed by world-class investors that develops better and more inclusive financial products with a focus on innovation, flexibility, security, relentless focus on customer care and added value for clients. Starting originally with in-store purchase financing, the company intends to expand its range of financial services to cover all the daily needs of clients in the Philippines and beyond, bridging the financial inclusion gap for millions of consumers.
George Chesakov, CEO and Co-founder of Salmon said: “We’re delighted to have found a technology partner in Oradian. As we enter a new stage of our institutional development and ready ourselves to deliver new product offerings, Oradian provides some essential tools that will power our continued growth.”
“Oradian offers a vital combination of flexible, scalable, best-in-class technology and comprehensive in-market customer support and expertise that enables us to drive growth, scale rapidly, and boost our performance. This is an essential recipe for remaining competitive in an increasingly crowded fintech landscape.”
Founded in 2022, Salmon has already attracted a cumulative $36 million in in equity and debt funding, reflecting deep confidence in its business model and growth potential.
Salmon’s early success also speaks to the strength and health of the Philippines financial technology market, particularly as the BSP and national government seek to promote digital lending and boost financial inclusion.
Oradian, the first cloud native core banking system to be used by BSP-regulated financial institutions in the Philippines, has been serving institutional customers for more than ten years, enabling enhanced growth and performance with its cloud-native, API-enabled platform.
Reflecting on this new partnership, Antonio Separovic, CEO and Co-founder of Oradian said: “Oradian’s mission is to partner with high-growth, tech-enabled financial institutions to drive growth and promote financial inclusion for last-mile communities.
“Oradian’s system is designed for sophisticated tech-led teams like Salmon that leverage technology to scale financial services throughout the entire community – we’re excited to work alongside George and Salmon’s team as they meet these goals.”
About Oradian.
Oradian is the first provider of cloud-native core banking systems to financial institutions and BSP-regulated banks in the Philippines.
To unlock rapid growth for our customers, we provide a best-in-class, cloud-native core banking system that powers financial institutions across the globe and serves over millions of end-clients. Based in Makati with our local team, we have a personalised relationship with customers, ensuring a strong partnership delivering technology and mutual success.
We know it takes the right partners, people, and technology to make it happen, and together we create a positive impact at scale in our communities.
About Salmon.
Fintech Holdings Ltd (“Salmon”) was founded in July 2022 by banking and fintech veterans Pavel Fedorov, George Chesakov, and Raffy Montemayor.
The company has doubled its client base over the last two months, as of September 2023. More than 90% customers use Salmon app to monitor and pay back their instalment financing.
Salmon acts as a platform that allows customers to access financial products from the following partners that are registered with the Securities and Exchange Commission (SEC) in the Philippines:
Sunprime Finance Inc. – SEC Registration Number CS201916698 with Certificate of Authority Number 1241 (Online Lending Platform).
FHL Financing Company, Inc. – SEC Registration Number 2022100071291-07 with Certificate of Authority Number F-22-0038-29 (Service App only).
Please read the terms and conditions before availing any loan from Salmon’s financing partners.
