Friday, November 22, 2024
5.5 C
New York

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.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

TrueLayer Cuts Workforce Amid Profitability Push and $50M Funding Boost

Workforce Reductions: TrueLayer, an open banking payments company...

Amundi Acquires Aixigo to Expand Wealth Management Technology Offerings

Strategic Acquisition: Amundi, Europe’s leading asset manager with...

Celero Commerce Acquires Precision Payments to Expand SME Payment Solutions

Acquisition Announcement: US fintech Celero Commerce has acquired...

Trust Payments Appoints Laurence Booth as New CEO to Drive Growth

Trust Payments, a leading London-based paytech company, has...

NatWest Partners with NCR Atleos to Modernize 5,500 ATMs

NatWest Group has expanded its collaboration with NCR...

Gate City Bank Partners with Alkami for Enhanced Digital Banking Solutions

Gate City Bank Embraces Alkami's Technology: North Dakota-based...

UK Government Unveils Strategy to Boost Financial Services Growth and Innovation

Driving Competitiveness in Finance: The new Labour government,...
Exit mobile version