OneLot raises USD3.3 million in Philippines’ largest seed round of 2025 to empower used car dealers

• Left to right: Tommy Campos (COO), Harm-Julian Schumacher (CEO), Subramaniam Srinivasan — founders of OneLot.

By TechWatch PH Staff

Fintech startup OneLot has raised USD 3.3 million in seed funding—the largest seed round in the Philippines this year—to expand its digital financing platform designed for independent used car dealerships.

The round was co-led by Accion Ventures and 468 Capital, with new investors Everywhere Ventures and Seedstars joining, alongside continued backing from Crestone Venture Capital, Kaya Founders, and angel investors Georg Steiger of BillEase and Jojo Malolos of PayMongo.

The funding aims to accelerate OneLot’s push to give small car dealers faster credit access, AI-powered underwriting, and digital tools to grow their business.

The Philippines’ used car market, valued at over USD15 billion, is largely composed of family-owned dealerships that continue to face limited access to bank loans.

Nearly 90 percent of used car dealers remain without reliable financing, reflecting the country’s broader credit gap where only 12 percent of Filipinos have access to formal loans, based on the 2025 World Bank Global Findex report.

OneLot addresses this gap by combining AI-driven underwriting with on-site vehicle appraisal, enabling secured inventory loans to be processed within hours. The platform determines vehicle market prices, assesses credit risk, and provides real-time loan decisions.

Beyond lending, OneLot is developing an end-to-end digital ecosystem where dealers can source vehicles, manage inventory, and offer financing options to retail customers—all on one platform.

Since launching less than two years ago, OneLot has already issued more than USD7 million in loans and supports over 150 dealers nationwide.

“With this new funding round, we’re doubling down on our mission to become the leading financing platform for used car dealers,” said Harm-Julian Schumacher, CEO and Co-Founder of OneLot. “We’re thrilled to welcome Accion Ventures on board—bringing deep global expertise in fintech and lending that will help us scale smarter and faster. Together with 468 Capital and the continued support of both new and existing investors, this is a strong vote of confidence in our vision, our momentum, and the opportunity ahead.”

Rahil Rangwala, Managing Partner of Accion Ventures, said the investment aligns with their mission to back inclusive fintech models: “Julian, Tommy, and Subramaniam are unlocking a massive opportunity in the $15 billion used car market in the Philippines by empowering the family dealerships who drive it. With their proprietary underwriting models and deep local insight, OneLot is breaking down barriers to credit and building a financial engine for growth. We’re proud to back this exceptional team as they seek to transform access to capital for thousands of underserved entrepreneurs across the region.”

Guilherme Steinbruch, Partner at 468 Capital, added: “We’ve been proud to support OneLot since the very beginning and the team’s results have been outstanding ever since. There’s still tremendous room for growth, and we’re excited to continue backing them as they build the end-to-end financing platform for used car dealers.”

Looking ahead, OneLot plans to expand its dealer network, increase credit lines for existing partners, and roll out new financing solutions and software tools that will enhance dealership operations from vehicle sourcing to retail sales. The company said these initiatives are part of its vision to become the trusted financing partner for used car dealers across the Philippines.