UnionDigital Bank offers digital banking solutions focused on enabling growth in blockchain, data science, and AI for both individual and business customers. Their services aim to provide accessible and innovative financial tools within these emerging technology sectors.
Funding
$16.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many Filipinos, including individuals and small businesses, lack access to convenient and reliable financial services, hindering their ability to save, spend, and grow their finances effectively. Traditional banking infrastructure can be difficult to access, especially for those in remote areas or with limited financial literacy.
Solution
UnionDigital Bank provides a digital banking platform designed to empower Filipinos with accessible and innovative financial tools. As a wholly-owned subsidiary of UnionBank of the Philippines, UnionDigital Bank offers a secure and BSP-regulated environment for users to manage their finances. The platform focuses on providing high-interest accounts, including UD Save and UD Time Deposit, to help customers grow their savings. By leveraging technology and data-driven insights, UnionDigital Bank aims to provide relevant and reliable financial products and services that foster inclusive prosperity and build enabled communities.
Target Audience
The primary target audience includes individual Filipino consumers and micro, small, and medium-sized enterprises (MSMEs) seeking accessible and reliable digital banking solutions.
Features
- High-interest savings accounts (UD Save) for everyday transactions and savings goals
- Competitive time deposit rates (UD Time Deposit) for maximizing returns on investments
- Mobile app for convenient banking on the go
- Secure platform regulated by the Bangko Sentral ng Pilipinas (BSP)
- Partnership ecosystem to expand financial services reach