Uzum, Uzbekistan’s leading digital ecosystem, has secured UZS 300 billion (around USD 25 million) in financing from VR Capital, a US-based investment firm and one of the world’s leading investors in emerging markets.
This is the second transaction between the two companies. Earlier in 2025, VR Capital became one of Uzum’s key equity investors, underscoring its long-term confidence in Uzbekistan’s fast-growing digital economy.
The new financing will accelerate the expansion of Uzum’s fintech business — particularly its digital banking operations, payments infrastructure and consumer-lending products. The deal also reflects deepening economic ties between Uzbekistan and the United States, as cross-border investment between the two countries continues to grow.
We are impressed by Uzum’s pace of development. Its fintech arm is a strong example of a scalable, high-growth business built on robust local infrastructure. We are pleased to support the further expansion of the platform and its role in Uzbekistan’s digital transformation.
We’re building fintech infrastructure at a national scale — accessible, fast and technology-driven. This new financing will help us accelerate the development of digital banking, payments and credit products, strengthening not only Uzum’s ecosystem but also the broader digitalisation of Uzbekistan’s economy. It’s also notable that the facility is denominated in the national currency, reflecting the Uzbek sum’s growing role in international settlements and corporate finance.
Uzum continues to expand the country’s largest digital platform, integrating online commerce, digital and traditional banking, and fintech services into a single ecosystem already used by more than 20 million people across Uzbekistan.