OneLot provides working-capital and inventory loans to secondhand car dealers through a digital platform that combines AI-driven credit underwriting with onsite vehicle appraisal for rapid loan disbursement. In its first 18 months of operations, the company has extended more than $7 million in loans to 150 dealers, validating demand in the country’s $15 billion used-car market. The service aims to improve cash flow for small, independent dealerships by shortening approval times and expanding access to credit. Alongside financing, OneLot is developing additional budget offerings and digital tools to help dealers manage and grow their businesses. Management plans to use newly raised capital to deepen penetration in the Philippine market and enhance its technology stack. CEO and co-founder Harm-Julian Schumacher says the company’s goal is to become the leading financing platform for used-car dealers in the region.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Nov 2025