IFC invests $7M in Philippine consumer fintech firm Salmon
To help expand financial inclusion in the Philippines, the International Finance Corporation (IFC), a member of the World Bank Group, is investing PHP404 million (US$7 million) in Salmon Group Ltd (“Salmon”), an innovative AI-enabled financial company, that is a controlling shareholder of Rural Bank of Sta Rosa (Laguna), Inc. IFC joins a PHP1.4 billion ($25…