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PH lending fintech firm OneLot raises $3.3m to expand used car loans
OneLot, a Manila-based financing platform for used car dealers, has raised US$3.3 million in seed funding to expand its services in the Philippines.
The round was co-led by Accion Ventures and 468 Capital, with participation from Everywhere Ventures, Seedstars, Crestone Venture Capital, Kaya Founders, and several angel investors.
OneLot plans to use the new funding to grow its dealer network and develop additional credit and software tools for independent dealerships.
The platform provides inventory loans and digital solutions to help used car dealers manage and finance vehicle purchases.
Since launching in 2024, OneLot has issued over US$7 million in loans and currently works with more than 150 dealers.
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