OneLot, a leading financing platform, has raised $3.3 million in seed funding — the country’s biggest round of 2025. The goal is to provide affordable financing and digital tools to help independent car dealerships.
The funding round was co-led by Accion Ventures and 468 Capital, with new investors like Everywhere Ventures and Seedstars. Existing backers such as Crestone Venture Capital, Kaya Founders, and well-known angels Georg Steiger (BillEase) and Jojo Malolos (Paymongo) also joined.
This new funding will help OneLot grow faster by giving used car dealers quicker access to credit, AI-powered loan assessments, and advanced technology tools to support their business expansion.
The Philippines has a fast-growing used car market worth around $15 billion mostly run by family-owned dealerships. These small businesses have stayed strong even though banks and traditional lenders often don’t support them. In fact, about 90% of used car dealers still don’t have access to reliable bank financing.
According to the 2025 World Bank Global Findex report, only 12% of Filipinos have formal loans, showing a big credit gap. OneLot aims to close this gap by offering affordable funding that helps dealers buy and sell more cars easily.
OneLot uses AI and real-time vehicle checks to offer secured inventory loans in just a few hours. The platform quickly reviews each car, finds its market value, and makes instant credit decisions. This process allows dealers to get faster loan approvals, higher credit limits, and better rates, while keeping risks low and loan profits strong.
In addition to financing, OneLot is creating a complete platform that combines credit, software, and data to support dealers at every stage of their business. It helps them find cars to buy, manage inventory, and improve sales. The platform also offers financial services for their customers, helping dealers increase satisfaction and build long-term relationships.
“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.”
OneLot is the leading financing platform in the Philippines for used car dealers. It offers quick, secured loans and easy-to-use digital tools that help family-owned dealerships buy more cars, boost sales, and increase profits.
By combining credit, software, and data, OneLot allows dealers to get funding within hours and manage their business more efficiently from start to finish.
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