Salmon Group has disrupted rural banking with its startup strategy model for Rural Bank of Sta. Rosa by strengthening the capital base and accelerating digitalization to drive financial inclusion. Salmon Co-Founder and Rural Bank of Sta.
Salmon Group has disrupted rural banking with its startup strategy model for Rural Bank of Sta. Rosa by strengthening the capital base and accelerating digitalization to drive financial inclusion.
“We are injecting fresh capital to make Rural Bank of Sta. Rosa a robust financial institution by attracting notable investors such as the International Finance Corp. , Singapore based venture capital fund manager NorthStar Group and Abu Dhabi’s sovereign wealth fund ADQ,” Montemayor revealed. “The latest investment we received was $7 million from IFC last May,” he added.
Montemayor emphasized the role of technology in the development of Rural Bank of Sta. Rosa’s products and customer experience to expand its customer base beyond its physical branches. Montemayor said that the 8.88% time deposit interest rate offer of Rural Bank of Sta. Rosa has no catch or promo period.
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