Uncia Technologies Private Limited has raised Rs 25 crores in its first institutional funding round led by Pavestone VC, marking a significant milestone for the AI-native lending platform after five years of bootstrapped growth.
The company, which processes over Rs 2 lakh crore in assets under management across multiple financial institutions, plans to utilise the funds to accelerate its growth in India while expanding into the Middle East, North Africa, and North American markets. It has also outlined plans to pursue a public listing in the coming years as part of its long-term growth strategy.
Uncia has built a comprehensive platform suite that powers loan origination, loan management, and supply chain finance operations for leading banks and NBFCs. Its AI-native infrastructure is designed to enable financial institutions to independently configure and manage lending products without relying on extensive IT intervention.
Developed through dedicated AI research in collaboration with IIT Madras, the platform has begun delivering measurable efficiencies for early adopters, including improved cost structures and enhanced underwriting capabilities.
Commenting on the development, Hari Padmanabhan, Chairman, Uncia, stated that the company focused on building a strong product and achieving market validation before raising capital, positioning this funding as a strategic step towards global expansion.
Srikanth Tanikella, Managing Partner, Pavestone VC, highlighted the growing need for modern lending infrastructure and noted that Uncia’s cloud-first, AI-driven platform addresses the limitations of legacy systems while enabling scalability and flexibility for financial institutions.
With this funding, Uncia aims to strengthen its position as a global lending technology provider while continuing to deliver advanced digital infrastructure solutions for banks and NBFCs.
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