Chennai-based fintech Uncia has raised $3 million (about ₹25 crore) in its maiden institutional funding round, led by Pavestone. The infusion of capital will bolster the startup’s digital lending infrastructure and accelerate plans to expand beyond India into the MENA region and North America.
Funds to drive expansion in MENA and North America
The fresh capital will be used to strengthen Uncia’s India operations and finance international expansion, with an emphasis on the Middle East and North Africa (MENA) and North America. These regions are experiencing rising demand for cloud-native digital lending platforms, making them strategic targets for the company’s growth strategy.
Founder and chairman Hari Padmanabhan said Uncia prioritised building a robust product foundation over the past years, and the new funding will enable faster scaling of its product suite, operational capacity and international presence.
AI-driven lending solutions at the core
Established in 2020, Uncia provides cloud-based SaaS platforms for banks and non-banking financial companies (NBFCs), covering the full lending lifecycle—from loan origination and underwriting to loan management and supply chain finance.
The platform aims to reduce dependence on legacy systems through configurable, technology-led solutions that improve processing speed and operational efficiency. Uncia is also integrating artificial intelligence into its offerings; in collaboration with the Indian Institute of Technology Madras, the company is developing AI-led underwriting models to strengthen credit decisioning and performance monitoring.
Strong traction and growing market opportunity
Uncia’s platform has processed more than ₹2 lakh crore in loan value to date, underscoring adoption among several leading Indian financial institutions. The tally reflects market trust in the company’s technology and execution.
As the financial sector undergoes rapid digital transformation, demand for fintech SaaS solutions is expected to expand. Cloud-native lending infrastructure providers like Uncia are positioned to capitalise on the shift as banks and NBFCs increasingly seek modern, scalable systems for digital lending.
