UNO Digital Bank announced that it has reached operating break-even in its Philippine operations in February 2026, as it prepares to tap investors for fresh capital.
The digital lender achieved a positive operating margin before provisions last month, saying this signals a “transition from its heavy investment phase”. The bank also said it is now on track to reach net profit within the 2026 calendar year.
The operational milestone comes as the firm is in the midst of a new funding round. In an interaction, UNO Digital Bank President and CEO Manish Bhai confirmed to DealStreetAsia that the bank is currently undergoing a fundraising process, with an official announcement expected within the first half of 2026. Bhai refused to disclose other details.
Singapore-based UNOAsia, the incorporator of UNO Digital Bank in the Philippines, last raised $32.1 million in a pre-Series B round in February 2024.
Gateway Partners, Creador Private Equity, and Nextinfinity Management backed the round. The mix of debt and equity funding brought the total capital raised to approximately $75 million to date.
Top Shareholders of UNOAsia
The bank attributed the milestone to its active loan book, which aims to double from the current $100 million to over $200 million by the end of 2026.
UNO is one of six digital banking licensees in the Philippines. Over the next six months, the bank plans to roll out additional products and distribution channels as it seeks to deepen its footprint in the Philippine retail market before potentially exploring regional expansion.
