Chennai-based AI-native lending platform Uncia Technologies has raised Rs 25 crore in its first external funding round from Pavestone VC, marking a significant milestone in its growth journey. The company plans to use the fresh capital to scale operations in India and fuel global expansion, including the Middle East, North Africa (MENA), and North America.

Key Highlights

• Uncia Technologies raises ₹25 crore from Pavestone VC to scale globally.
• AI-native lending platform targets global expansion, powering ₹2 lakh crore assets across banks and NBFCs.

Founded with a product-first approach, Uncia spent nearly five years building and validating its lending technology before seeking external capital. The company currently powers loan origination, loan management, and supply chain finance operations for leading banks and NBFCs in India. Its platforms collectively manage assets worth over Rs 2 lakh crore, demonstrating strong enterprise adoption and scalability.

“We made a deliberate choice to build before we raised..This funding is not a beginning but a gear shift,” said Hari Padmanabhan, highlighting the company’s focus on sustainable growth and product validation before capital infusion.

Uncia’s AI-native platform enables financial institutions to configure and manage lending products independently, reducing reliance on legacy systems and improving operational efficiency. The technology has been developed in collaboration with IIT Madras, with over two years of dedicated AI research already showing measurable improvements in underwriting and cost efficiency.

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From the investor’s perspective, Pavestone VC sees strong potential in Uncia’s cloud-first, AI-driven infrastructure to address inefficiencies in the lending ecosystem. The firm’s technology fund, with a corpus of Rs 816 crore, focuses on backing scalable B2B enterprise solutions.

Looking ahead, Uncia has also signalled plans for a future public listing, positioning this funding round as the first step in its ambition to become a globally scaled lending technology player.

As India’s fintech ecosystem continues to mature, Uncia’s funding highlights a shift toward profitability-driven, product-led growth, attracting investors looking beyond hyper-funded startup models.