Overview
- Uncia, which announced the round Friday, said it will use the money to grow in India and enter MENA and North America.
- This is the company’s first external raise after a self-funded build phase that leadership calls a gear shift.
- Uncia sells cloud software that helps banks and lenders launch and run loans, with modules for origination, servicing, and supply chain finance.
- The company says its systems process more than ₹2 lakh crore in assets for clients such as ICICI Home Finance, TVS Credit, Mahindra Finance, and IDFC First Bank.
- Uncia cites two years of AI research with IIT Madras that it says is improving underwriting accuracy and cutting costs for early users.