Uncia Raises USD 3 Mn Funding Led by Pavestone
The fresh capital will be used to expand its presence in India and support its entry into international markets, including the Middle East, North Africa (MENA), and North America.
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Chennai-based lending technology startup Uncia has raised USD 3 million (around INR 25 crore) in a seed funding round led by Hyderabad-based venture capital firm Pavestone.
The fresh capital will be used to expand its presence in India and support its entry into international markets, including the Middle East, North Africa (MENA), and North America.
Founded in 2020 by Hari Padmanabhan, Uncia operates as an AI-native lending solutions platform that develops digital infrastructure for banks and non-banking financial companies (NBFCs). Its offerings include three core products—UnciaPrime, a loan origination system; UnciaLeap, a loan management system; and UnciaFlow, which focuses on supply chain finance and digital lending.
The startup aims to address challenges in the lending ecosystem, where legacy systems often limit speed, flexibility, and efficiency. Uncia’s cloud-based platform integrates artificial intelligence to enable faster deployment and scalable operations for financial institutions.
According to the company, its systems are designed to provide a self-serve lending infrastructure, allowing institutions to independently configure and manage lending products without prolonged technical dependencies or delays.
Uncia claims to process assets under management (AUM) exceeding INR 2 lakh crore across several financial institutions, including some of the country’s largest lenders.
Pavestone Technology Fund, which led the investment, manages a corpus of INR 816 crore and focuses on early growth-stage B2B technology firms addressing critical enterprise challenges.
Chennai-based lending technology startup Uncia has raised USD 3 million (around INR 25 crore) in a seed funding round led by Hyderabad-based venture capital firm Pavestone.
The fresh capital will be used to expand its presence in India and support its entry into international markets, including the Middle East, North Africa (MENA), and North America.
Founded in 2020 by Hari Padmanabhan, Uncia operates as an AI-native lending solutions platform that develops digital infrastructure for banks and non-banking financial companies (NBFCs). Its offerings include three core products—UnciaPrime, a loan origination system; UnciaLeap, a loan management system; and UnciaFlow, which focuses on supply chain finance and digital lending.
The startup aims to address challenges in the lending ecosystem, where legacy systems often limit speed, flexibility, and efficiency. Uncia’s cloud-based platform integrates artificial intelligence to enable faster deployment and scalable operations for financial institutions.
According to the company, its systems are designed to provide a self-serve lending infrastructure, allowing institutions to independently configure and manage lending products without prolonged technical dependencies or delays.
Uncia claims to process assets under management (AUM) exceeding INR 2 lakh crore across several financial institutions, including some of the country’s largest lenders.
Pavestone Technology Fund, which led the investment, manages a corpus of INR 816 crore and focuses on early growth-stage B2B technology firms addressing critical enterprise challenges.
