Chennai-based fintech startup Uncia has secured $3 million (about ₹25 crore) in a seed funding round led by Pavestone, marking the company’s first external investment as it prepares to scale its AI-driven lending infrastructure for banks and non-banking financial companies (NBFCs).
Company background and market positioning
Founded in 2020, Uncia develops AI-native lending infrastructure to help banks and NBFCs digitise and automate the full loan lifecycle. The startup offers solutions tailored for a market where financial institutions are shifting to digital-first models to improve turnaround times, risk assessment and customer experience.
Product suite and technology advantages
Uncia provides an integrated set of products, including loan origination systems (LOS), loan management systems (LMS) and supply chain finance platforms. These modules are designed to cut manual processes, increase operational efficiency and accelerate loan approvals.
A notable feature is its low-code/no-code architecture, which enables lenders to configure and deploy workflows quickly without heavy dependence on engineering resources. This flexibility reduces implementation timelines and helps institutions adapt more rapidly to changing regulatory and market requirements.
Use of funds and expansion strategy
The seed capital will be deployed to enhance product capabilities, invest in advanced AI models and grow the engineering and go-to-market teams. Uncia plans to broaden its customer base by onboarding more banks and NBFCs while deepening existing partnerships.
Geographic expansion is also on the agenda, with the company targeting markets beyond India, including the Middle East, North Africa and North America, where demand for automated lending infrastructure is rising among both traditional banks and newer digital lenders.
Context: rising demand for digital lending infrastructure
The investment arrives amid accelerating adoption of digital lending tools across India. Lenders are increasingly using AI-driven credit-scoring, automation and analytics to enhance underwriting, limit losses and improve borrower experience.
Platforms that combine automation, data-driven decisioning and rapid configurability—like Uncia—are well placed to support the transition toward a more technology-led credit ecosystem, particularly for mid-sized banks and NBFCs seeking scalable, cost-effective solutions.
Outlook
With Pavestone’s backing, Uncia moves into a growth phase focused on product innovation, scalability and international expansion as it seeks to establish itself among global providers of lending infrastructure.
