Pavestone led $3 M Seed funding raised by lending solutions platform Uncia
A platform for lending solutions, Uncia, in a seed funding round headed by Hyderabad-based venture capital firm Pavestone, has raised $3 million (roughly Rs 25 crore).
According to a press release from Uncia, the proceeds will be utilized to support the company’s entry into the Middle East, North Africa (MENA), and North American markets as well as to expedite growth in India.
The AI-native lending technology company, founded in 2020 by Uncia Chairman Hari Padmanabhan, creates digital infrastructure for banks and NBFCs. Three integrated products are available on the platform: UnciaFlow (Supply Chain Finance and Digital Lending), UnciaLeap (Loan Management System), and UnciaPrime (Loan Origination System).
The lending ecosystem is growing quickly, but a large portion of the underlying technology is still limited by outdated systems that are unable to provide the speed, flexibility, and intelligence that contemporary lenders demand. To overcome these obstacles, Uncia has developed a single, cloud-first platform with integrated AI capabilities, allowing for quick deployment and “pay-as-you-grow” scalability.
The Chennai-based startup claims that its AI-native platforms are built on a “self-serve lending infrastructure, allowing financial institutions to configure, launch, and manage complex lending products independently, without change requests, IT dependencies, or implementation delays that typically span quarters.”
According to the startup, it handles over Rs 2 lakh crore in AUM from top financial institutions, including some of the biggest lenders in India.
With a corpus of Rs 816 crore, Pavestone Technology Fund concentrates on early growth-stage B2B technology firms that address important problems for major public and private businesses. The fund usually supports businesses that have strong product-market fit, established market traction, and alliances with anchor clients.
