Uncia Technologies Private Limited has announced the successful closure of its first funding round, raising INR 25 crore from Pavestone VC, a Hyderabad-based venture capital firm. Notably, this investment marks a strategic inflection point for the company, which, over the past five years, deliberately focused on building its product, validating its market, and establishing institutional credibility before raising external capital.
With this fresh capital, Uncia plans to accelerate its growth across India. At the same time, the company will fund its expansion into international markets, including the Middle East, North Africa (MENA), and North America. Furthermore, Uncia has revealed its intention to pursue a public listing in the coming years. Consequently, the company positions this funding round as the first step in a long-term journey toward becoming a globally scaled and publicly accountable lending technology institution.
“We made a deliberate choice to build before we rose. Every rupee we invested came from the conviction that if we solved the right problem well enough, the market would validate it. Today, we manage over 2 lakh crore rupees cumulatively for some of India’s top NBFCs, and we believe we’ve proven our thesis. This funding is not a beginning but a gear shift. We have the product. We have validation at scale and diversity. Now we have the capital to take this to the world. We’re pleased to partner with Pavestone. Their investment values align closely with our mission, and we look forward to drawing on the strategic insight of their leadership team,” said Hari Padmanabhan, Chairman, Uncia.
In contrast to the broader fintech landscape, often driven by aggressive funding and rapid scaling, Uncia has adopted a disciplined, product-first approach. Instead of relying on early-stage capital, the company prioritized precision in product development and market fit. As a result, it has built an AI-native platform suite that powers loan origination, loan management, and supply chain finance operations for several leading financial institutions in India.
Moreover, Uncia has designed its platforms around what it calls ‘self-serve lending infrastructure.’ This approach enables financial institutions to independently configure, launch, and manage complex lending products without relying on IT dependencies, change requests, or prolonged implementation cycles. Over the past two years, the company has also invested heavily in AI research in collaboration with IIT Madras at the IITM Technology Research Park. Consequently, these AI models are already delivering tangible benefits to early adopters, including cost efficiencies and improved underwriting outcomes.
“At Pavestone, we focus on backing businesses that are solving structural problems in large enterprises, with a clear path to scale and profitability. The lending ecosystem is expanding rapidly, yet much of the underlying technology remains constrained by legacy systems that cannot support the speed, flexibility, and intelligence lenders now require. Uncia has built a unified, cloud-first platform with embedded AI capabilities that addresses these challenges while enabling rapid deployment and ‘pay-as-you-grow’ scalability. We believe the company is well-positioned to deliver durable value,” said Srikanth Tanikella, Managing Partner, Pavestone Capital.
Uncia’s first funding round not only validates its product-first philosophy but also sets the stage for accelerated domestic and global expansion. By combining proven scale, AI-driven innovation, and a clear roadmap toward public listing, the company is positioning itself as a formidable player in the global lending technology ecosystem.
