Profitability soon? UnoAsia, the parent firm of Uno Digital Bank in the Philippines, just raised a $32.1M Pre-Series B to scale up their product line, add more offerings, and focus on profitability. 

Investor check. Gateway Partners, Creador Private Equity, and Nextinfinity Management joined the round, which was a mix of debt and equity. 

• UnoAsia previously raised a $11M Pre-Series A in 2022. So far, they’ve raised almost $75M. 

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🏦 Give them some credit

Like many other neobanks, Uno Digital Bank offers savings, transactions, investment products, and insurance. 

• Founded in 2020, the digital bank only started operating around 15 months ago!
• Now, they currently have 1M customers who account for $100M in deposits. 

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🪙 New features coming soon?

They’ll launch their new consumer durable loans product soon.

• Users will be able to take out personal loans for household appliances, personal devices, e-commerce purchases, and more. 
• FYI. The bank only launched their personal loans feature in Q4 of last year, but it already accounts for a large portion of the company’s revenue. 

And in insurance? They’ll also add life, health, and other general insurance products in the next few months.

Calling all SMEs! Uno Digital Bank wants you to start using their platform. The bank is cooking up tailored features just SMEs, which will be released in the second half of the year.