In a compelling fireside chat at Echelon Philippines 2025, Raffy Montemayor, Co-Founder of Salmon, shared insights into the startup’s remarkable journey from zero to one million users and the launch of a bank within just 18 months.
Moderated by Thaddeus Koh, Co-Founder and Programs Director of e27, the discussion highlighted Salmon’s ambition to become the leading credit-led modern bank in Southeast Asia, starting in the Philippines.
Montemayor emphasised the importance of a strong founding team, stating that they offer the most attractive Employee Stock Ownership Plan (ESOP) in the region. He noted that the decision to establish a bank stemmed from a need to provide comprehensive financial services to underserved populations. “I can now understand why some companies have co-CEOs because it is not something that I want to do on our own,” he remarked, illustrating the collaborative spirit that drives Salmon’s growth in the local startup ecosystem.
The post Echelon Philippines 2025 – Zero to 1M users and a bank in 18 months appeared first on e27.