Ep 265 - The Hustle Behind Salmon
EPISODE INTRODUCTION
Raffy Montemayor of Salmon joins us to share how they are helping Filipinos get access to loans with their POS lending service. Raffy will share his very interesting career origin story with stops in Agoda, OLX, Carousell, and many more. He will also share how he and his co-founders ended up founding Salmon from a previous commitment. Raffy also shares the impressive growth they've achieved along with their most recent $20 million debt financing round.
Episode Topics
00:09:13 - Saving habits and financial culture
00:12:15 - Filipinos' fiesta mentality
00:22:33 - Sales and negotiation skills
00:26:54 - Patience in the sales process
00:32:02 - Credit card approval rates
00:36:31 - Enduring credit card rebate
00:45:24 - Real e-commerce revenue
00:56:03 - The downfall of group buying
01:00:10 - Moving towards profitability
01:12:33 - Growing financial services in Philippines
01:16:29 - Founding Salmon
01:19:19 - Being a zero to one founder
01:31:08 - Lack of exposure to fundraising
Quotes
“Imagine you know the industry well, you have the great relationships and you can use data, then it really unlocks a lot of opportunities.” - Raffy Montemayor
Connect with raffy:
Raffy Montemayor (LinkedIn): linkedin.com/in/raffymontemayor
Salmon (Website): https://salmon.ph/
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