Salmon boosts their financial services with FinScore’s Lightning-Fast Alternative Credit Scoring

MANILA, Philippines, 31 March 2023 — In 2022, FHL Financing Company Inc. launched Salmon, a consumer lending-first fintech start-up in the Philippines. Salmon aims to make shopping simple, intuitive, and rewarding for both merchants and consumers. Powered by FinScore’s telco data and advanced analytics, Salmon offers flexible financing terms and generous loan amounts to merchants and the ability to defer shopping bills over several monthly installments to buyers.

“As consumers regain their spending power, they look for friendlier means of paying,” says FinScore Country Manager, Christo Georgiev. “Financial institutions can cater to this consumer behavior with FinScore’s telco-based credit scoring. Our alternative scoring model, powered by AI and machine learning, allows BNPLs to make quick credit decisions with minimized risk.”

Today, Salmon is available in dozens of outlets. Partner merchants receive their net proceeds upfront. “We want to offer the best shopping experience for both consumers and merchants,” comments Raffy Montemayor, Co-Founder of Salmon. “This is just the first step towards our grand vision of making financial services simple, convenient, and accessible for every Filipino.”

According to Consumer Pulse Q4 2022 by TransUnion, 57% of consumers seek personal loans over credit cards. Enhancing loan products and simplifying loan processes can bring in good business for lending outfits. FinScore is raring to empower more financial institutions adequately meet the demands of the growing loans market through telco-based credit scoring that helps reduce defaults, uplifts approval rates, and improve overall customer experience.

About Salmon

Salmon is a retail brand of FHL Financing Company Inc. Based in the Philippines, it was founded in July 2022 by banking and fintech veterans Pavel Fedorov, George Chesakov, and Raffy Montemayor and today has more than 120 professionals in its Manila office. Salmon develops financial products with a focus on innovation, flexibility and value add for clients. Starting with point-of-sale (POS) lending, the company intends to expand its range of financial services to cover all the daily needs of the client in the Philippines and beyond.

“Salmon” is a brand owned by FHL Financing Company, Inc., a licensed financing company regulated by the Securities and Exchange Commission with Certificate of Authority No. F-22-0038-29 and Company Registration No. 2022100071291-07. Read the terms & conditions and the relevant disclosures before availing of any loan product or service.

Salmon press contact

About FinScore

FinScore is a leading fintech company and credit score provider in the Philippines, providing innovative scoring solutions to the dynamic needs of banks, financial institutions, and credit bureaus. FinScore’s telco data credit scoring in the Philippines allows institutions to offer better services to existing customers, attract new ones, and approach untapped market segments. Through their Telco Scoring model, FinScore provides insights based on 400+ variables, including top-up patterns, voice, and mobile data usage, duration of calls, SIM card age, and many more.

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Media Contact
Miggy Villanueva,
Senior Marketing Manager, FinScore

FinScore is a financial technology company in the Philippines that offers a powerful credit scoring platform and fraud detection tools based on alternative data, including telco-based data. 

As the pioneer in lending and scoring of the unbanked, we continuously provide fintech services that empower financial institutions, banks, and credit bureaus with flexible platforms to help them make insightful and reliable credit decisions. Contact us today to learn more about our products and solutions for financial institutions.