Manila, Philippines, November 11, 2025 — OneLot, the Philippines’ leading financing platform for used car dealers, has raised $3.3 million in seed funding—the country’s largest round of 2025—to expand affordable financing and digital tools for independent dealerships. The round was co-led by Accion Ventures and 468 Capital, with new participation from Everywhere Ventures and Seedstars, and continued backing from Crestone Venture Capital, Kaya Founders, and notable angels, including Georg Steiger (BillEase) and Jojo Malolos (Paymongo). The fresh capital will accelerate OneLot’s mission to empower used car entrepreneurs with faster access to credit, AI-driven underwriting, and technology solutions that help them grow their businesses.
A Market Built by Underserved Entrepreneurs
The Philippines’ rapidly growing $15 billion used car industry is dominated by family-owned dealerships that have shown remarkable resilience as banks and traditional lenders continue to underserve them. Nearly 90% of used car dealers in the Philippines remain without reliable bank financing, reflecting a broader credit gap in which only 12% of Filipinos have access to formal loans, according to the 2025 World Bank Global Findex report. OneLot’s mission is to remove capital barriers, provide access to affordable capital, and enable dealers to buy and sell more cars.
The OneLot Platform
OneLot combines AI-driven underwriting with on-the-ground vehicle appraisal to issue secured inventory loans within hours. The platform quickly evaluates each vehicle, determines market prices, and makes real-time credit decisions—enabling faster approvals, higher credit limits, and competitive rates while maintaining strong risk controls and high loan profitability.
Beyond inventory financing, OneLot is building an end-to-end platform that integrates credit, software, and data to empower dealers across the entire value chain. The platform helps dealers source vehicles, manage inventory, and streamline sales, while also offering financial solutions for their retail customers all within a single platform that drives customer satisfaction and long-term retention.
Real-world impact to date
OneLot is already delivering measurable results. In just one and a half years of operations, the company has issued more than $7 million in loans and now supports 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 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.”
As Rahil Rangwala, Managing Partner of Accion Ventures, comments, “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.”
“We’ve been proud to support OneLot since the very beginning and the team’s results have been outstanding ever since,” stated Guilherme Steinbruch, Partner 468. “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.”
The path forward
OneLot is focused on accelerating growth across the used car dealership market in the Philippines. The company will continue expanding its dealer network, extending more credit to existing partners, and broadening its product suite with new software tools and financing solutions that support dealers from sourcing to sales. Together, these initiatives will further strengthen OneLot’s position as the trusted partner for used car dealers nationwide.
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About OneLot
OneLot is the Philippines’ leading financing platform for used car dealers. The company provides fast, collateralized inventory loans and digital tools that help family-owned dealerships expand inventory, grow sales, and improve profitability. By combining credit, software, and data, OneLot enables dealers to access capital within hours and operate more efficiently across the entire value chain.
To learn more about OneLot, visit www.onelot.ph or contact hello@onelot.ph.
About Accion Ventures
Accion Ventures is an investment strategy that today pursues early-stage investments as part of Accion Impact Management. Accion Ventures deploys capital into early-stage fintech startups that operate in countries worldwide. Investments managed by Accion Ventures have shown that early-stage companies can be highly impactful and have delivered multiple exits. More at https://www.accion.org/ventures
About 468 Capital
468 Capital is a technology investment firm focused on supporting entrepreneurs with global ambitions. Founded in 2020, the firm invests in category defining businesses. The team at 468 Capital has a history of building, operating, and investing in successful technology companies. With offices in Berlin and San Francisco, 468 Capital provides strategic and financial support to entrepreneurs looking to grow their businesses internationally.