Pavestone, a Hyderabad-based venture capital firm, has invested $3 million (about ₹25 crore) in Uncia, an AI-backed lending solutions platform. Uncia’s platform suite offers loan origination, loan management, and supply chain finance operations to financial institutions. “The funding will accelerate Uncia’s growth in India while supporting its expansion into West Asia, North Africa (MENA), and North American markets,” a statement said. “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,” Srikanth Tanikella, Managing Partner at Pavestone, said. “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,” he said.

Source: The North Africa Journal March 27, 2026 14:59 UTC