Tencent and VR Capital lead a $70 million equity round, boosting Uzum’s digital banking, credit, and financial technology services across Uzbekistan.
Highlights:
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$70M Equity Raise: Uzbekistan’s fintech super‑app Uzum secured nearly $70 million in equity financing from Tencent and VR Capital, with backing from FinSight Ventures, lifting its valuation to around $1.5 billion.
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Fintech Infrastructure Upgrade: Proceeds will fuel accelerated rollout of embedded finance, digital lending, deposit products, expanded Visa debit card issuance, and proprietary fintech infrastructure.
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Rapid Product Traction: Uzum Bank has issued over 2 million Visa debit cards, and its BNPL business more than tripled total financed volume in H1 2025, anchoring its fintech momentum.
Summary:
Uzum, Uzbekistan’s leading digital ecosystem and fintech platform, has raised nearly $70 million in equity financing, led by Tencent and VR Capital, with participation from FinSight Ventures. The new financing increases Uzum’s post‑money valuation to approximately $1.5 billion.
The funds are earmarked to accelerate the development of Uzum’s fintech capabilities—expanding its embedded digital banking services, expanding Visa debit card issuance, launching deposit and lending products, and strengthening proprietary financial infrastructure. Uzum is integrating AI for credit scoring, fraud prevention, and personalized user experiences.
Uzum Bank, the company’s digital banking arm, has achieved rapid growth: more than 2 million co-branded Visa debit cards issued with pre-approved credit limits, and its BNPL lending volume has more than tripled in the first half of 2025. This reflects the firm’s leadership in digital finance innovation and sets the stage for further expansion and product rollout.
