Philippines' UNO Digital Bank has reached a pivotal milestone, achieving operating break-even in February 2026, just four years after launching operations. This accomplishment marks the transition from a heavy investment phase to a sustainable model, with the digital lender now targeting full P&L break-even within 2026.
OPERATING BREAK-EVEN MILESTONE
UNO Digital Bank, one of six digital banking licensees granted by the Bangko Sentral ng Pilipinas, described the milestone as an important validation of its model. To date, UNO has disbursed PHP 15 billion in total loans, building a growing active loan book.
President and CEO Manish Bhai emphasized the significance of this achievement. “Our focus remains that of building a bank with strong fundamentals: that is, balancing growth with credit discipline and operational efficiency,” Bhai stated. The lender aims to grow its active loan book to over PHP 10 billion by the end of 2026.
INNOVATIVE UNDERWRITING ENGINE
UNO uses a real-time underwriting engine that evaluates modern data points beyond traditional credit history. The bank says this allows it to extend formal credit to a broader range of Filipinos, including those often overlooked by conventional institutions.
The platform employs biometric authentication over vulnerable SMS-based one-time passwords and deploys real-time behavioral analytics for fraud prevention, supplemented by cross-industry collaboration. Additionally, UNO has introduced free QR Ph transfers for all customers, eliminating friction in everyday digital payments.
FUNDRAISING AND EXPANSION PLANS
Singapore-based UNOAsia, the parent company of UNO Digital Bank, previously raised $32.1 million in a pre-Series B round in February 2024, led by Gateway Partners, Creador Private Equity, and Nextinfinity Management. With that round, UnoAsia had raised approximately $75 million in total.
Over the next six months, the bank plans to further enhance its digital experience, expand credit offerings, and invest in distribution to reach a broader segment of the Filipino market. “UNO Digital Bank is focused and on track to achieve full P&L breakeven within the current year,” chair Kalidas Ghose said.