The International Finance Corp. (IFC), a World Bank entity focused on the private sector, is investing USD7m in the Philippine fintech company, Salmon Group Ltd, to enhance financial inclusion with innovative credit and banking services. This investment is part of aUSD25m fundraising round involving other investors like Northstar Group and ADQ/Lunate. Salmon aims to introduce new products in the latter half of 2024, leveraging this capital to expand services previously limited by traditional banking frameworks. Recently licensed by the Bangko Sentral ng Pilipinas, Salmon will offer a broader range of financial products, including deposit accounts and credit options, employing AI technology to improve loan accessibility and terms for underserved consumers.