Saturday, March 2, 2024

Fintech firm Salmon taps Oradian as tech partner

Philippine fintech company Salmon has recently chosen Oradian as technology partner to propel its growth strategy.

Salmon said it plans to expand its services, catering to a wide range of daily financial needs for clients across the Philippines, thereby narrowing the country’s financial inclusion gap.

Salmon said it was founded by a team of finance experts and supported by top-tier investors.

George Chesakov, Salmon’s CEO and co-founder, expressed his enthusiasm about the partnership, emphasizing Oradian’s essential role in fueling their 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,” Chesakov said.

Founded in 2022, Salmon has already secured $36 million in equity and debt funding, which the company said is a testament to the confidence in its business model and growth potential.

This success underscores the robustness of the Philippines’ fintech market, aligning with government initiatives to promote digital lending and bolster financial inclusion.

Oradian, known as the first cloud-native core banking system approved by the Bangko Sentral ng Pilipinas (BSP), has been empowering institutional clients for over a decade with its cloud-native, API-enabled platform.

Antonio Separovic, CEO and co-founder of Oradian, highlighted the company’s mission to collaborate with tech-driven financial institutions, driving growth and fostering financial inclusion in underserved 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,” Separovic said.

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