BankingBusinessFinTech

UNO Digital Bank’s parent company secures $32.1m funding to fuel growth

  • Singapore-based fintech UNOAsia, the primary incorporator of UNO Digital Bank in the Philippines, has raised $32.1 million in a pre-Series B funding round.
  • The investment includes both equity and debt and saw participation from Nextinfinity Management, Creador Private Equity, and Gateway Partners.
  • This round brings UNOAsia’s total funding to around $75 million, with plans to scale the offerings of UNO Digital Bank.
  • The bank, which went live in H2 2022 after receiving regulatory approval from the Bangko Sentral ng Pilipinas, aims to launch consumer durable loans, expand its insurance and business offerings, and double its user base in the coming year.
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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