Fintech SaaS global expansion
Hyderabad-based VC firm Pavestone has invested $3 million (₹25 Cr) in Fintech SaaS startup Uncia. This marks the first external funding round for Uncia, founded in 2020 by Hari Padmanabhan.
Uncia plans to use the capital to expand its operations in India and extend its reach to international markets, including the Middle East and North Africa (MENA), and North America. The company provides AI-driven back-office solutions for lenders, focusing on SME, housing, and supply chain financing (SCF).
Uncia’s product suite includes UnciaPrime (loan origination), UnciaLeap (loan management), and UnciaFlow (supply chain finance and digital lending). The startup reports processing over ₹2 Lakh Cr AUM for clients such as ICICI Home Finance, TVS Credit, Mahindra Finance, and IDFC First Bank.
Padmanabhan stated the funding will help scale the company’s validated product to a global audience. The fintech SaaS market is projected to reach approximately $20 billion by 2030. Banks are increasing investments in back-office operations and digital business verticals. The rise of fintech and embedded finance is driving demand for servicing software.
Lenders are adopting innovations like pre-approved loans and B2B BNPL, which require advanced back-end technology for evaluation and disbursal.
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