OneLot, a financing platform for used car dealerships in the Philippines, announced it has raised $3.3 million in seed funding, which the company states is the country’s largest seed round of 2025. The capital will be used to expand the availability of financing and digital tools for independent used car dealerships.
The funding round was co-led by Accion Ventures, an investment strategy focused on early-stage fintech startups globally, and 468 Capital, a technology investment firm supporting entrepreneurs with global ambitions. The round also saw new participation from Everywhere Ventures and Seedstars, and continued backing from existing investors Crestone Venture Capital and Kaya Founders, along with notable angel investors including Georg Steiger (BillEase) and Jojo Malolos (Paymongo).
OneLot focuses on the Philippines’ used car industry, which the company values at $15 billion. The majority of these dealerships are family-owned. According to the 2025 World Bank Global Findex report, only 12% of Filipinos have access to formal loans, and OneLot states that nearly 90% of used car dealers lack reliable bank financing. The company aims to address this credit gap by providing capital access.
The OneLot platform provides secured inventory loans, typically issued within hours, by combining AI-driven underwriting with on-the-ground vehicle appraisal. The system evaluates vehicles, determines market prices, and makes real-time credit decisions. Beyond inventory financing, OneLot is developing an integrated platform that includes credit, software, and data to support dealers with vehicle sourcing, inventory management, and sales, alongside retail financing for their customers.
Since beginning operations a year and a half ago, the company has issued over $7 million in loans and currently supports more than 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.”
OneLot plans to continue expanding its dealer network, increasing credit to existing partners, and adding new software tools and financing solutions to its product offerings.