UnoBank
“Can a licensed digital bank leverage AI and credit decisioning to bring the ~70% underbanked Filipino population into formal financial services?”
Founded2021
HQSingapore (operations in Philippines)
FoundersManish Bhai
Total raised~$75M
Latest roundPre-Series B, 2024 ($32.1M)
IndustryFintech / Neobank
The story
UNO Digital Bank was launched by Singapore-based UNOAsia (formerly DigiBankAsia) as the first fintech in South East & South Asia to receive an outright digital banking license. Founded to serve the underbanked Filipino market where ~70% lack bank accounts, it went live in H2 2022 after receiving a BSP license. The company differentiates via AI-powered features (facial recognition, voice ID, tailored credit) and PDIC-insured deposits.
Last 12 months
Product timeline
2021
DigiBankAsia partners with Xebia to build Uno digital bank for the Philippines· pivot
2022
Received outright digital banking license from Bangko Sentral ng Pilipinas (BSP)· banking
2022
UNO Digital Bank went live in H2 2022 in the Philippines· banking
2024
Raised $32.1M pre-Series B; partnership with ACTICO for credit decisioning disclosed· lending
Regulated entities
1
regulatory licence held by UnoBank
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in UnoBank’s embedded-finance stack
Banking / BaaS
UNObank, Inc. (in-house)
Lending
in the full report
Accounting gap: none
2 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.