PH Fintech firm Salarium raises $13.5m in ICO

hilippine-based payment solutions firm Salarium completed recently its initial coin offering (ICO) raising $13.5 million in the sale of its SALPay token.

The development came amid pending ICOs of two other local fintech companies Tagcash and Qwikwire who aim to raise $16 million and $9 million in their digital tokens sale, respectively. Tagcash is a micropayments startup, while Qwikwire is a cross-border payments platform for enterprises in the Philippines.

Although it originally targeted a $50 million token sale, the Salarium team took the much lower result of the exchange as a huge milestone.