Chennai-based fintech Uncia has secured $3 million (about ₹25 crore) in a seed funding round led by Pavestone, marking its first external investment as it prepares to scale its AI-driven lending infrastructure for banks and NBFCs.
AI-native platform for lending automation
Founded in 2020, Uncia offers an AI-native lending infrastructure designed to help banks and non-banking financial companies digitise and automate the end-to-end loan lifecycle. The platform aims to address growing demand for digital-first lending by simplifying origination, underwriting, servicing and risk management workflows.
Product suite and technical differentiators
Uncia provides a suite of integrated products including loan origination systems (LOS), loan management systems (LMS) and supply chain finance solutions. These modules are built to reduce manual intervention, accelerate decisioning and improve operational efficiency for lenders.
A notable feature is Uncia’s low-code/no-code architecture, which enables financial institutions to customise and deploy solutions rapidly without deep engineering dependencies. This flexibility helps lenders iterate faster and respond to changing credit and regulatory requirements.
Use of proceeds and expansion strategy
The seed capital will be deployed to enhance product capabilities, deepen investments in advanced AI and analytics, and grow the company’s engineering and customer-facing teams. Uncia also plans to expand beyond India, targeting markets in the Middle East, North Africa and North America.
Alongside geographic expansion, the company intends to onboard additional banks and NBFCs while strengthening existing partnerships to scale adoption of its lending platform.
Market context: rising demand for digital lending infrastructure
The funding arrives amid accelerating adoption of AI-driven credit tools across India’s financial ecosystem. Lenders are increasingly seeking automation and data-driven credit assessment to reduce risk, speed up approvals and improve customer experience.
Platforms that combine automation, advanced analytics and configurable deployments — like Uncia — are well positioned to support this transition and capture a larger share of enterprise digital-lending budgets.
With Pavestone’s backing, Uncia aims to focus on product innovation, scalability and international expansion as it seeks to establish itself as a competitive player in the global fintech landscape.
