Fintech startup Salmon, founded by former senior executives of Tinkoff, has acquired Philippine bank Bank St Rosa. In an interview about this RBC said Pavel Fedorov, co-founder of Salmon and former co-chairman of Tinkoff.
It was noted that the Central Bank of the Philippines allowed such a transaction. Fedorov also did not specify the amount of the transaction. The deal is expected to close within a few weeks, with the startup acquiring 59.7 percent of the lender.
The acquisition of a licensed bank will allow Salmon to expand the range of services it provides. Fedorov said the organization could attract deposits, issue plastic debit and credit cards, and provide funds to medium and small businesses.
last december recognizedThat the TCS Group holding, which includes Tinkoff Bank and the insurance company, intends to carry out relocation (one of the forms of reorganization of legal entity, in which the jurisdiction changes from Cyprus to Russia).
Previously owned by Tinkoff Bank prohibited Employing employees from abroad except for three countries.