Uncia, a Chennai-based fintech startup, has raised $3 million (approximately ₹25 crore) in a seed funding round led by Pavestone VC, marking its first external capital infusion as it prepares for the next phase of growth.
The company plans to deploy the funds toward accelerating product innovation, enhancing its technology stack, and expanding its presence across both domestic and international markets. As part of its global strategy, Uncia is looking to enter regions such as the Middle East, North Africa, and North America.
Founded in 2020, Uncia offers an AI-native lending infrastructure designed to help banks and non-banking financial companies streamline key processes including loan origination, underwriting, and loan management. Its platform combines artificial intelligence with customizable workflows to improve operational efficiency, reduce turnaround time, and deliver a more seamless customer experience.
The startup’s suite of solutions is aimed at replacing legacy lending systems with scalable, flexible, and digital-first alternatives. In addition to loan origination and management, the platform also supports supply chain financing, enabling financial institutions to better serve diverse lending needs.
Uncia reports that its platforms currently process assets under management exceeding ₹2 lakh crore across its client base, which includes several leading lenders in India. This traction highlights growing demand for technology-driven lending infrastructure in an increasingly digital financial ecosystem.
The funding comes at a time when financial institutions globally are accelerating the adoption of AI-powered solutions to enhance speed, accuracy, and scalability in lending operations. With support from Pavestone VC, Uncia is now focused on strengthening its market position and evolving into a global player in the digital lending space.
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