Chennai fintech raise

Uncia spent its first five years building and running its software without outside investors, then accepted institutional venture capital to accelerate growth. (india.entrepreneur.com) The company makes cloud software that helps banks and other lenders create loan products, collect borrower information, underwrite and approve requests, and then track repayments and operations over the life of a loan. (economictimes.indiatimes.com) Uncia sells that functionality as separate modules — for example, a loan‑start system that gathers applications and checks documents, a loan‑management system that handles billing and collections, and a supply‑chain finance module that gives short‑term credit to suppliers — and markets the bundle to banks and housing and retail lenders. (india.entrepreneur.com) The company says its platform already processes more than two lakh crore rupees in cumulative loan value for clients, and it has worked with academic partners to build machine‑learning models that help automate underwriting (the process of deciding whether a borrower is creditworthy) and reduce manual operations. (economictimes.indiatimes.com) The investor leading the deal, Pavestone, is a Hyderabad‑based venture firm that focuses on enterprise technology and lists early growth investments on its site; Pavestone’s leadership has pointed to legacy banking systems and the need for modern, cloud‑native infrastructure when explaining the investment thesis. (pavestone.vc)(thehindubusinessline.com)