In a move to scale its technology and global presence, fintech SaaS startup Uncia has secured $3 Mn (about ₹25 Cr) in funding from a Hyderabad-based VC firm. This marks the company’s first external funding round since its inception.
The startup plans to use the fresh capital to strengthen its operations in India while expanding into international markets, including the Middle East and North Africa (MENA) and North America.
Founded in 2020 by Hari Padmanabhan, Uncia offers AI-powered back-office solutions for lenders across segments such as SME, housing, and supply chain financing (SCF). The company focuses on modernising legacy systems that still power many banks and NBFCs in India through its lending technology platforms.
Its product suite includes UnciaPrime for loan origination, UnciaLeap for loan management, and UnciaFlow for supply chain finance and digital lending.
Uncia claims that its platforms manage over ₹2 Lakh Cr AUM for clients such as ICICI Home Finance, TVS Credit, Mahindra Finance, and IDFC First Bank.
“We made a deliberate choice to build before we raised… 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,” Padmanabha said.
The funding comes at a time when the fintech SaaS sector is witnessing strong growth. Enterprise SaaS in fintech is expected to reach around $20 Bn market size by 2030, driven by increasing investments from banks to upgrade legacy back-office systems and expand digital operations.
At the same time, the rise of fintech and embedded finance players is improving customer engagement and boosting demand for lending services. Innovations such as pre-approved loans, B2B BNPL, and supply chain finance are also gaining traction, increasing the need for advanced backend technologies for evaluation, underwriting, and disbursal.
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