Chennai-based Uncia Technologies Private Limited, an AI-native lending technology platform, has raised ₹25 crore in its first institutional funding round from Pavestone VC. The Hyderabad-based venture capital firm’s investment marks a key milestone for the company, which has operated as a bootstrapped business for the past five years.
Uncia plans to use the fresh capital to strengthen its presence in India and expand into international markets, including the Middle East, North Africa (MENA), and North America. The company has also announced its long-term goal of going public, positioning this funding round as the beginning of its global growth journey.
Founded with a focus on building strong fundamentals before raising external capital, Uncia has developed an AI-powered platform suite that supports loan origination, loan management, and supply chain finance operations. Today, the company processes over ₹2 lakh crore in assets under management (AUM) across several leading banks and non-banking financial companies (NBFCs) in India.
Uncia’s platforms are built around what it calls a “self-serve lending infrastructure.” This allows financial institutions to design, launch, and manage lending products independently, without relying heavily on IT teams or long implementation timelines.
The company’s technology has been developed through over two years of AI research in collaboration with IIT Madras at the IITM Research Park. Early users of the platform have reported improved efficiency and better credit decision-making through AI-driven insights.
Commenting on the funding, Hari Padmanabhan, Chairman of Uncia, said the company chose to focus on building a strong product and proving its value before seeking investment. He added that the new capital will help the company take its proven model to global markets.
From the investor side, Srikanth Tanikella, Managing Partner at Pavestone Capital, highlighted that Uncia is addressing a major gap in the lending ecosystem. He noted that many financial institutions still rely on outdated systems, and Uncia’s cloud-first, AI-powered platform offers a scalable and flexible alternative.
Pavestone VC, which manages a fund corpus of ₹816 crore, focuses on backing early growth-stage B2B technology companies that solve critical challenges for enterprises.
With a strong foundation in India and growing demand for smarter lending infrastructure, Uncia is now looking to position itself as a global player in AI-driven financial technology.
-By Shivani Soanki
