Uncia raises $3 Mn seed funding led by Pavestone

Lending technology platform Uncia has secured $3 million (around ₹25 crore) in a seed funding round led by Hyderabad-based venture capital firm Pavestone.

The company plans to utilise the fresh capital to scale its operations in India while expanding into international markets, including the Middle East, North Africa (MENA), and North America.

Founded in 2020 by Hari Padmanabhan, Uncia is a Chennai-based fintech startup building AI-driven digital infrastructure for banks and NBFCs. Its platform offers a suite of integrated solutions covering the entire lending lifecycle, including loan origination, loan management, and supply chain finance.

The company focuses on replacing legacy lending systems with a cloud-native, AI-enabled platform that allows financial institutions to configure and launch lending products with greater speed and flexibility. Its infrastructure is designed to support self-serve capabilities, reducing reliance on extensive IT interventions and long implementation cycles.

Uncia reports that its platform currently processes over ₹2 lakh crore in assets under management (AUM) across leading financial institutions in India.

With this funding, the startup aims to strengthen its global footprint while continuing to enhance its technology stack and scale adoption among banks and NBFCs.