Funding · Financial Services

Uncia raises $3M from Pavestone Capital

By Startup Enthusiast · 27 March 2026

What they do

Uncia provides AI-powered lending software for banks and NBFCs

It raised $3M (₹25 Cr) in its first institutional round led by Pavestone Capital

The funds will be used to expand into MENA and North America

Uncia raised $3M (about ₹25 Cr) in its first institutional round.
The round was led by Pavestone Capital, a Hyderabad-based venture capital firm.
Pavestone typically invests ₹25 Cr to ₹60 Cr in early growth-stage enterprise-tech firms.
Pavestone manages the Pavestone Technology Fund, which closed at about $97M.
The funds will be used to grow in India and expand into MENA and North America.
Uncia is also developing AI models with IIT Madras for underwriting and operational efficiency.
Early pilots of those AI models have already been deployed.

The global loan origination software market is projected to reach $26.3B by 2035.
MENA fintech funding surged 650% between 2020 and 2023, with digital lending growing at 17.74% CAGR.
The North American digital lending platform market was valued at $3.4B in 2024.
India fintech funding rose 2% to $2.4B in 2025, with lending as a top-funded segment.

Uncia provides AI-powered lending software for banks and NBFCs (non-banking financial companies).
Its platform is cloud-first and self-serve, letting lenders configure and launch products without heavy IT reliance.
Product modules include UnciaPrime (loan origination system), UnciaLeap (loan management system), and UnciaFlow (supply chain finance and digital lending).
The platform manages over ₹2 lakh crore in cumulative loan value.
Clients include ICICI Home Finance, TVS Credit, Mahindra Finance, and IDFC First Bank.
The company was founded in 2020.

Grow in India and expand into MENA and North America.
Develop AI models with IIT Madras for underwriting and operational efficiency.

Pavestone Capital (lead) — Hyderabad-based venture capital firm managing the Pavestone Technology Fund (~$97M).

Product: Cloud-first lending infrastructure with UnciaPrime (loan origination), UnciaLeap (loan management), and UnciaFlow (supply chain finance)
Customers: Banks and NBFCs requiring modernized lending infrastructure for SME, housing, and supply chain financing
How it makes money: B2B SaaS providing fintech infrastructure with embedded AI for lending operations
What sets it apart: Manages Rs 2 lakh crore in AUM for clients; replaces legacy systems with cloud-first platform and embedded AI