# UNO Digital Bank

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/uno-digital-bank

- Industry: Financial Services
- Headquarters: Taguig City, Philippines
- Website: www.uno.bank/
- Total disclosed funding: $14M
- Latest round: Series A (Aug 1, 2022)
- Investors on record: 2

## About

UNO Digital Bank is a financial technology company based in the Philippines, offering innovative digital banking solutions focused on savings, loans, and consumer-friendly financial products.Founded in 2021 in Taguig City, Philippines, UNObank Inc. operates as a digital bank providing various financial services. The firm was established by founders Manish Bhai and Puneet Gupta, with Manish Bhai serving as the CEO. The company has successfully raised a total of USD 9.00 mn in funding, with the latest round being a Seed round led by Paradigm, which included investors such as Lightspeed. UNObank has completed a total of 7 deals to date.UNO Digital Bank offers a comprehensive range of financial products designed to improve the banking experience for consumers in the Philippines. Its main offerings include savings accounts, time deposits, and personal loans, such as the #UNOready savings account and the #UNOboost time deposit, which provide competitive interest rates, flexible tenors, and benefits like free life insurance. The #UNOnow loan product allows users to borrow up to PHP 500,000 without collateral, catering to the needs of tech-savvy individuals and families seeking flexibility in managing their finances.In the most recent fiscal year, 2023, UNO Digital Bank generated revenue of USD 760,966 and achieved an EBITDA of USD 1,719,439.9. Revenue primarily comes from interest earned on loans and time deposits, as well as transaction fees associated with its financial products.UNO Digital Bank aims to enhance its market presence by launching new financial products and expanding into additional geographic markets. The company plans to leverage its recent funding, including an undisclosed amount raised from pre-seed funding by Creador, to support these initiatives. Specific upcoming products and their release dates have not been disclosed, but the firm is focused on meeting the evolving needs of its customer base in the growing digital banking sector.

## Funding rounds

- Series A, Aug 1, 2022, $14M — Creador, Vikrama Limited

## Investors

- Creador (https://capitalatlas.ai/funds/creador) — Series A
- Vikrama Limited — Series A