UNO Digital Bank offers a mobile‑first platform that lets Filipino users open and manage accounts entirely from their smartphones, providing high‑interest savings and time‑deposit products with rates up to 5.5% p.a. and unsecured personal loans up to PHP 250,000 without collateral. The app includes a virtual Mastercard for secure online purchases, free peer‑to‑peer and QR fund transfers, and built‑in life insurance, all backed by BSP regulation and PDIC deposit insurance.
Funding
$32.1M 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 consumers in the Philippines face limited access to convenient, fully digital banking services that combine high‑interest savings, flexible loan options, and secure online payments without the need to visit a physical branch.
Solution
UNO Digital Bank delivers a mobile‑first banking platform that lets users open and manage accounts entirely from their smartphones. The app offers high‑yield savings accounts and time‑deposit products with interest rates up to 5.5% p.a., as well as unsecured personal loans up to PHP 250,000 with flexible tenors and no collateral. A virtual Mastercard enables safe online purchases, while fund transfers between UNO accounts and to external banks are free. Integrated insurance coverage and daily‑credited interest further enhance the value proposition, and all services are backed by BSP regulation and PDIC deposit insurance.
Target Audience
UNO targets Filipino individuals—including retirees, overseas Filipino workers, and everyday savers—who prefer managing their finances digitally and seek higher returns on deposits and easy access to credit.
Features
- High‑interest savings account (#UNOready) with rates up to 3.5% p.a. and daily interest crediting
- Time‑deposit products (#UNOboost, #UNOearn) offering up to 5.5% p.a. and optional monthly payouts
- Unsecured personal loans (#UNOnow) up to PHP 250,000, collateral‑free, with up to 36‑month repayment plans
- Virtual Mastercard for secure online shopping at any Mastercard‑accepting merchant worldwide
- Free peer‑to‑peer and QR‑code fund transfers, including PESONet integration
- Built‑in free life insurance coverage linked to savings accounts
- Full compliance with Bangko Sentral ng Pilipinas regulations and PDIC deposit insurance up to PHP 1 million per depositor