Private Equity PE-VC Fund Investments
Lending tech startup Uncia raises $3-M led by Pavestone
Source Uncia (opens in a new tab)Entrackr (opens in a new tab)
Chennai-based Uncia has raised USD 3 million (about INR 25 crore) in a seed funding round led by Hyderabad-based venture capital firm Pavestone.Launched in 2020 by Hari Padmanabhan, Uncia is an AI-native lending technology firm that builds digital infrastructure for banks and non-banking financial companies (NBFCs). The platform offers three integrated products: UnciaPrime (loan origination), UnciaLeap (loan management), and UnciaFlow (supply chain finance and digital lending).The proceeds will be used to accelerate growth in India besides supporting the company's entry into the Middle East, North Africa (MENA), and North American markets.