Uzum Secures $70M Funding to Expand FinTech and E-commerce Services in Uzbekistan
Uzum secures $70M in equity funding from Tencent, VR Capital, and FinSight Ventures to strengthen its fintech and e-commerce ecosystem in Uzbekistan.
Major Investment Boost for Uzum
Uzum has successfully raised $70M in new funding to enhance its financial services and e-commerce offerings across Uzbekistan significantly. Moreover, this investment aims to strengthen its position as a market leader in the rapidly expanding digital economy nationwide.
The round was led by Tencent and VR Capital, alongside FinSight Ventures, which had also invested in Uzum’s earlier funding round. Consequently, this strong investor support demonstrates growing confidence in the company’s ability to lead Uzbekistan’s digital transformation effectively.
Strengthening FinTech and E-commerce Presence
Founded to create a single platform for financial and digital commerce services, Uzum simplifies daily life for millions of users. Additionally, it combines online shopping, digital banking, and embedded finance into one super-app, driving rapid adoption across the emerging market.
This Uzum funding round will be used to scale its proprietary FinTech infrastructure, expand its service portfolio, and attract new customers. Furthermore, the company aims to meet rising demand for user-friendly, integrated financial solutions in an underserved but fast-digitising economy.
Rapid Growth Driving Valuation Surge
Following this latest funding round, Uzum’s valuation has climbed to approximately $1.5B, showing strong growth since its March 2024 raise. Moreover, investor interest highlights the company’s ability to innovate and deliver measurable value across both its financial and e-commerce divisions successfully.
Uzum Bank, the firm’s digital banking arm, has rapidly emerged as Uzbekistan’s fastest-growing bank in less than two years of operations. Additionally, over 2 million Visa debit cards with embedded credit limits were issued within the first half of 2025 alone.
Consumer Lending and BNPL Expansion
The company’s lending division has experienced remarkable growth, with its Buy Now, Pay Later solution tripling total financed volumes within the same timeframe. As a result, Uzum is now one of the most influential forces shaping digital credit adoption in Uzbekistan’s financial ecosystem effectively.
Moreover, this Uzum funding will allow the company to introduce more credit products and reach a wider consumer base needing flexible financing options. This expansion strengthens its role as a primary driver of digital financial inclusion for millions of underserved individuals across the country.
E-commerce Platforms Leading Market Adoption
Uzum also operates the country’s largest online marketplace, Uzum Market, and its express delivery service, Uzum Tezkor. These platforms significantly boosted gross merchandise value, reporting a 1.5x increase year-on-year during the first half of 2025 successfully.
The integration of financial services within e-commerce has proven vital, offering customers seamless shopping, payment, and lending experiences directly through Uzum’s super-app. Furthermore, this approach encourages loyalty, improves retention, and demonstrates the effectiveness of combining commerce and finance in one ecosystem.
Investor Confidence in Future Growth
VR Capital founder Richard Deitz praised Uzum’s proven model and leadership position in an underserved market with vast untapped opportunities ahead. Likewise, FinSight Ventures highlighted how Uzum has rapidly expanded users, launched new features, and improved customer satisfaction in record time.
These investors see global super-app potential in Uzbekistan, similar to success patterns in other emerging markets worldwide. Consequently, this Uzum funding round reaffirms the company’s ability to replicate such high-growth models effectively while tailoring solutions to local needs seamlessly.
CEO Highlights Vision for Uzbekistan’s Digital Economy
Uzum founder and CEO Djasur Djumaev expressed pride in building Uzbekistan’s most comprehensive digital ecosystem in just two years. Additionally, he emphasised that this funding will deepen the firm’s fintech services, expand lending, and strengthen leadership in digital banking nationwide.
He added that partnering with Tencent and VR Capital ensures Uzum benefits from world-class expertise while accelerating growth opportunities in its home market. Moreover, he highlighted that combining financial solutions directly within e-commerce infrastructure gives the company a unique competitive advantage locally and globally.
Driving the Next Wave of FinTech Innovation
The Uzum funding is set to transform Uzbekistan’s digital economy by enabling faster access to financial services and integrated commerce nationwide. Moreover, this growth supports broader financial inclusion goals, empowering individuals and businesses with better tools to shop, pay, and borrow digitally.
By leveraging strong investor backing, a growing user base, and innovative technology, Uzum positions itself as a dominant force in Central Asia’s fintech evolution. Consequently, this funding marks an important step toward shaping a fully connected, digital-first future for Uzbekistan’s consumers and merchants alike.
