Investment of $70 million in Uzum, spearheaded by Tencent and VR Capital, takes the company's valuation to a staggering $1.5 billion.
Uzum Secures $70 Million in Funding, Becoming Central Asia's First Fintech-Ecommerce Unicorn
Uzum, an Uzbek digital ecosystem, has secured approximately $70 million in equity financing, propelling its valuation to around $1.5 billion. This makes Uzum the first fintech-ecommerce unicorn in Central Asia [2][3][4][5].
The funding round was led by Tencent, a world-leading internet and technology company, VR Capital, a global alternative asset management firm, and FinSight Ventures, a U.S. fund focused on AI, fintech, and super-app investments [2][3][4][5]. Richard Deitz, Founder and President of VR Capital, expressed admiration for Uzum's unique business model and first-mover advantage in an underserved market.
Uzum's rapid expansion, launch of new products, and monetization have been noted by FinSight Ventures. The synergy across Uzum's diverse verticals has resulted in a rising NPS and LTV, mirroring patterns seen in other breakout super-apps globally [1][3][4].
Uzum Bank, Uzum's digital banking unit, is the fastest-growing bank in Uzbekistan. Since launching its co-branded Visa debit card in August 2024, Uzum has issued over 2 million cards with embedded credit limits and is on track to surpass 5 million by the end of 2025 [1][3][4][5].
The e-commerce segment powered by Uzum Market and Uzum Tezkor grew gross merchandise value (GMV) by approximately 1.5x year-over-year in H1 2025 [1][3]. Uzum's consumer credit business has more than tripled its total financed volume in the first half of 2025 [1].
Uzum's growth strategy focuses on deepening its fintech infrastructure and expanding its product offerings. This includes enhancing AI-powered credit scoring, fraud prevention, and personalized engagement, expanding lending and deposit products, embedding financial services directly within its existing e-commerce ecosystem, targeting underserved segments, and scaling its merchant network [1][3][4].
Djasur Djumaev, Founder and CEO of Uzum, stated that the company has built the most comprehensive digital ecosystem in Uzbekistan in just two years. He is proud to be working with tier-1 global investors who share the company's vision [5].
The new round of funding is seen as a vote of confidence in Uzum's strategy to integrate financial services directly within the country's largest e-commerce infrastructure [5]. Uzum plans to use the new funding to expand its product suite, scale across banking and commerce, and increase its fintech leadership in Uzbekistan.
[1] FinSight Ventures. (2025). Uzum's Rapid Growth and Expansion. Retrieved from https://finsightventures.com/uzum-growth-expansion/
[2] Tencent. (2025). Tencent Invests in Uzum. Retrieved from https://www.tencent.com/en-us/news/article/tencent-invests-in-uzum
[3] VR Capital. (2025). VR Capital Participates in Uzum's Funding Round. Retrieved from https://www.vrcapital.com/news/vr-capital-participates-in-uzums-funding-round/
[4] Uzum. (2025). Uzum Secures $70 Million in Funding. Retrieved from https://www.uzum.uz/news/uzum-secures-70-million-in-funding/
[5] Djasur Djumaev. (2025). Building a Digital Ecosystem in Uzbekistan. Retrieved from https://medium.com/@djasurdjumaev/building-a-digital-ecosystem-in-uzbekistan-8e955a729c5f
Visit ffnews.com for more details on Uzum's recently announced funding round in the finance sector, which includes investing in their expanding business operations. The fresh funds will be utilized to further develop AI-powered fintech services and strengthen their position in Central Asia's e-commerce market.
