Local fintech startup OneLot has raised $3.3 million in seed funding, marking the largest seed round in the Philippines for 2025, to scale its digital financing platform for independent used car dealerships nationwide.

The round was co-led by Accion Ventures and 468 Capital, with participation from Everywhere Ventures, Seedstars, and returning investors Crestone Venture Capital and Kaya Founders. Notable angel investors such as Georg Steiger (BillEase) and Jojo Malolos (PayMongo) also joined the round.

Founded by Harm-Julian Schumacher, Tommy Campos, and Subramaniam Srinivasan, OneLot aims to bridge the credit gap faced by thousands of small, family-owned used car dealers who often lack access to bank financing. The company provides AI-powered underwriting and secured inventory loans, helping dealers access credit in hours rather than weeks.

“The Philippines’ $15-billion used car market is powered by family-run entrepreneurs, yet nearly 90% remain underserved by banks,” said Schumacher, OneLot CEO and Co-Founder. “With this new funding round, we’re doubling down on our mission to become the leading financing platform for used car dealers.”

OneLot’s platform combines AI-driven credit scoring with on-site vehicle appraisals to issue fast, collateralized loans. Beyond financing, the company is building an end-to-end ecosystem that includes inventory management, sales tools, and customer financing — effectively helping dealers grow across the entire value chain.

In just 18 months, OneLot has issued more than $7 million in loans and now supports over 150 dealers nationwide.

Accion Ventures Managing Partner Rahil Rangwala praised the startup’s impact-driven approach. “Julian, Tommy, and Subramaniam are unlocking a massive opportunity in the $15 billion used car market by empowering the family dealerships who drive it. OneLot is breaking down barriers to credit and building a financial engine for growth,” he said.

468 Capital Partner Guilherme Steinbruch added, “We’ve been proud to support OneLot since the beginning. The team’s execution has been outstanding, and we’re excited to back them as they build the end-to-end financing platform for used car dealers.”

With the fresh capital, OneLot plans to expand its dealer network, extend more credit lines, and develop new software tools to support car dealers from sourcing to sales. The company is positioning itself as the trusted financing partner for used car dealers across the Philippines.