Lending solutions platform Uncia has secured $3 million in a seed funding round led by Pavestone, a venture capital firm based in Hyderabad. This investment aims to support Uncia’s growth in the Indian market and facilitate its expansion into the Middle East, North Africa (MENA), and North America.
Founded in 2020 by Hari Padmanabhan, Uncia is an AI-powered lending technology company dedicated to building digital infrastructure for banks and NBFCs. The platform offers three key products: UnciaPrime for Loan Origination, UnciaLeap for Loan Management, and UnciaFlow for Supply Chain Finance and Digital Lending.
Uncia’s approach addresses the limitations of traditional systems within the rapidly evolving lending landscape. By adopting a unified, cloud-first platform integrated with AI capabilities, Uncia enables swift deployment and scalable growth through a ‘pay-as-you-grow’ model.
Uncia’s AI-powered platforms are designed around a ‘self-serve lending infrastructure,’ empowering financial institutions to autonomously configure, launch, and oversee complex lending products without the hindrances of change requests or IT dependencies.
The startup’s significant presence is evidenced by processing over Rs 2 lakh crore in Asset Under Management (AUM) across prominent financial institutions, including some of India’s major lenders.
Pavestone Technology Fund, with a Rs 816 crore corpus, focuses on backing early growth-stage B2B technology companies like Uncia that tackle crucial challenges for large enterprises. The fund prioritizes companies with established market traction, robust product-market fit, and partnerships with key clients.
Source: Entrackr : Latest Posts