OneLot, a fintech startup providing credit and digital tools to used car dealers, has raised $3.3 million in seed funding, marking the largest seed round in the Philippines for 2025.
The round was co-led by Accion Ventures and 468 Capital, with participation from Everywhere Ventures, Seedstars, and returning investors Crestone Venture Capital, Kaya Founders, and well-known angels including BillEase’s Georg Steiger and PayMongo’s Jojo Malolos.
The new capital will support OneLot’s expansion across the country, enabling faster access to financing, AI-driven underwriting, and software solutions tailored for independent dealerships.
The Philippines’ $15-billion used car market is largely powered by small, family-run dealerships that remain underserved by traditional banks.
Nearly 90% of used car dealers lack reliable bank financing, while only 12% of Filipinos have access to formal credit, according to the 2025 World Bank Global Findex report.
OneLot aims to bridge that gap by offering affordable inventory loans that help dealers buy and sell more vehicles, while also building digital tools that streamline their day-to-day operations.
OneLot’s platform combines AI-based credit evaluation with on-site vehicle inspection to issue secured loans within hours.
Its system assesses vehicle condition, determines fair market pricing, and makes instant credit decisions — allowing higher credit limits and faster approvals while maintaining strong risk controls.
Beyond financing, the startup is developing an end-to-end suite that helps dealers source inventory, manage stock, process sales, and eventually offer financing to end-buyers, all within a unified platform.
In just 18 months, OneLot has issued more than $7 million in loans and now counts over 150 dealers on its platform.
“With this new funding round, we’re doubling down on our mission to become the leading financing platform for used car dealers,” said CEO and co-founder Harm-Julian Schumacher.
“This is a strong vote of confidence in our vision, our momentum, and the opportunity ahead.”
OneLot plans to scale its nationwide dealer network, increase lending volume, and introduce more software tools and financing options across the used car value chain.
