 |
Funding to accelerate the expansion of Uzbekistan's leading fintech platform and e-commerce ecosystem
- Uzum raises nearly $70 million in equity financing led by Tencent and VR Capital, with participation from FinSight Ventures
- Uzum's valuation surges to ~$1.5 billion post-money, reflecting the company's rapid growth across fintech and e-commerce
- Uzum Bank has emerged as the fastest-growing digital bank in Uzbekistan, issuing over 2 million co-branded Visa debit cards with embedded credit limits
- Fintech services deeply integrated with Uzum's e-commerce ecosystem
- Fresh capital will be used to help drive the rollout of digital lending and deposit products, expand the Visa debit card program, and further scale financial infrastructure — with AI increasingly embedded across credit scoring, fraud prevention, and personalised user experiences
TASHKENT, Uzbekistan, Aug. 5, 2025 /PRNewswire/ -- Uzum, Uzbekistan's leading digital ecosystem, has secured nearly $70 million in equity financing from Tencent and VR Capital, with participation from FinSight Ventures—a U.S. fund focused on AI, fintech and super-app investments, and lead investor in Uzum's first equity round completed in March 2024.
Tencent is a world-leading internet and technology company with a diverse portfolio of innovative products and services. It is listed on the Stock Exchange of Hong Kong.
VR Capital is a global alternative asset management firm with over $8 billion in assets under management. The firm has managed external capital for institutional investors since 1999, with a focus on investments in emerging and developed markets. VR Capital operates via its principal offices in New York and London.
This funding marks a significant increase in Uzum's valuation since the March 2024 fundraise, bringing the company's post-money valuation to approximately $1.5 billion, and comes against a backdrop of strong operating and financial traction delivered across key business segments.
Fintech momentum: Uzum Bank, the company's digital banking unit, is now the fastest-growing bank in the country. Since launching its co-branded Visa debit card with pre-approved credit limits in August 2024, Uzum has issued over 2 million cards in 1H 2025, introducing Uzbekistan's first embedded credit limit tied to a debit instrument. At the same time, Uzum's consumer credit business, anchored by its market-leading BNPL offering, has more than tripled its total financed volume (TFV) in the first half of 2025.
E-commerce engine: The e-commerce segment—powered by Uzum Market (the largest national marketplace) and Uzum Tezkor (Uzbekistan's leading express delivery service)—grew gross merchandise value (GMV) ~1.5x year-over-year in H1 2025. Uzum remains the only vertically integrated platform combining commerce and financial services at a national scale.
The company's breakthrough valuation and new investment reflect its unparalleled market position and ambition. The proceeds from this round will be used to accelerate the buildout of Uzum's proprietary fintech infrastructure, broaden its product suite, cementing its leadership across key verticals, and capture the full potential of Uzbekistan's rapidly expanding digital economy.
Richard Deitz, Founder and President, VR Capital:
"Uzum embodies a unique confluence of a proven business model and first-mover advantage in a structurally underserved market. We are deeply impressed by the quality of the team and the remarkable progress the Company has achieved to date. It is our privilege to support Uzum's continued growth through our investment."
Alexey Garyunov, Managing Partner at FinSight Ventures:
"We believe Uzum represents one of the most compelling fintech and e-commerce growth stories in Central Asia. Since our initial investment last year, the company has achieved remarkable milestones — rapidly expanding its user base, launching new products, and driving monetization. The synergy across its diverse verticals has not only improved unit economics and reduced delinquency, but also lifted customer satisfaction and retention, reflected in a rising NPS and LTV. These dynamics mirror patterns we've seen in other breakout super-apps globally, and they're reinforcing Uzum's leadership in Uzbekistan's digital economy. We see enormous untapped potential to layer new services for both consumers and merchants on top of Uzum's existing platform. That's exactly why we're excited to double down in this new round and continue supporting Uzum on its journey."
Djasur Djumaev, Founder and CEO of Uzum:
"In just two years, Uzum has built the most comprehensive digital ecosystem in Uzbekistan. Today, we're reshaping how people shop, pay, and manage money. This new round of funding empowers us to deepen our fintech offerings and expand our leadership in digital banking and lending. We are delighted to welcome Tencent and VR Capital as new shareholders and proud to be working with tier-1 global investors who share our vision. It's also a vote of confidence in our strategy to integrate financial services directly within the country's largest e-commerce infrastructure."
About Uzum
Uzum is a digital ecosystem and the largest digital platform in Uzbekistan, providing services spanning e-commerce, express delivery, banking and fintech, and business development. The ecosystem includes Uzum Market, an online marketplace with a wide range of products and one-day delivery across the country; Uzum Tezkor, an express delivery service from restaurants and stores; Uzum Bank, a digital bank; Kapitalbank, the country's largest privately owned bank; Uzum Nasiya, an online unsecured lending service; and Uzum Business, an app for business customers. More than 17 million people — over half of Uzbekistan's population, use Uzum services every month. Learn more at https://uzum.com/en/.
The Company is compliant with AML/FATFA proceedings and observes international sanctions regime in terms of its business operations and incoming and outcoming investments.
About Uzbekistan
Uzbekistan, Central Asia's most populous country and second-largest economy by nominal GDP, is undergoing a generational digital and financial transformation. With nearly 60% of its 37 million citizens under the age of 30, the country combines favourable demographics with strong GDP growth (6.5% in 2024) and rising consumer demand.
Despite high mobile penetration and rapidly expanding internet access (projected to exceed 87% by 2027), Uzbekistan remains significantly underbanked: over 40% of adults lack access to formal financial services, and digital lending and card issuance are still nascent. This creates a vast opportunity for fintech disruption — particularly embedded finance models integrated with commerce.
E-commerce in Uzbekistan is expected to grow at a CAGR of 40–47% to reach $2.2 billion by 2027, according to KPMG, making it the fastest-growing digital consumer market in Central Asia. With strong government backing for financial inclusion, investment in digital infrastructure, and favourable regulatory reforms, Uzbekistan has become a launchpad for scalable digital finance and technology-driven platforms.
Funding to accelerate the expansion of Uzbekistan's leading fintech platform and e-commerce ecosystem
- Uzum raises nearly $70 million in equity financing led by Tencent and VR Capital, with participation from FinSight Ventures
- Uzum's valuation surges to ~$1.5 billion post-money, reflecting the company's rapid growth across fintech and e-commerce
- Uzum Bank has emerged as the fastest-growing digital bank in Uzbekistan, issuing over 2 million co-branded Visa debit cards with embedded credit limits
- Fintech services deeply integrated with Uzum's e-commerce ecosystem
- Fresh capital will be used to help drive the rollout of digital lending and deposit products, expand the Visa debit card program, and further scale financial infrastructure — with AI increasingly embedded across credit scoring, fraud prevention, and personalised user experiences
TASHKENT, Uzbekistan, Aug. 5, 2025 /PRNewswire/ -- Uzum, Uzbekistan's leading digital ecosystem, has secured nearly $70 million in equity financing from Tencent and VR Capital, with participation from FinSight Ventures—a U.S. fund focused on AI, fintech and super-app investments, and lead investor in Uzum's first equity round completed in March 2024.
Tencent is a world-leading internet and technology company with a diverse portfolio of innovative products and services. It is listed on the Stock Exchange of Hong Kong.
VR Capital is a global alternative asset management firm with over $8 billion in assets under management. The firm has managed external capital for institutional investors since 1999, with a focus on investments in emerging and developed markets. VR Capital operates via its principal offices in New York and London.
This funding marks a significant increase in Uzum's valuation since the March 2024 fundraise, bringing the company's post-money valuation to approximately $1.5 billion, and comes against a backdrop of strong operating and financial traction delivered across key business segments.
Fintech momentum: Uzum Bank, the company's digital banking unit, is now the fastest-growing bank in the country. Since launching its co-branded Visa debit card with pre-approved credit limits in August 2024, Uzum has issued over 2 million cards in 1H 2025, introducing Uzbekistan's first embedded credit limit tied to a debit instrument. At the same time, Uzum's consumer credit business, anchored by its market-leading BNPL offering, has more than tripled its total financed volume (TFV) in the first half of 2025.
E-commerce engine: The e-commerce segment—powered by Uzum Market (the largest national marketplace) and Uzum Tezkor (Uzbekistan's leading express delivery service)—grew gross merchandise value (GMV) ~1.5x year-over-year in H1 2025. Uzum remains the only vertically integrated platform combining commerce and financial services at a national scale.
The company's breakthrough valuation and new investment reflect its unparalleled market position and ambition. The proceeds from this round will be used to accelerate the buildout of Uzum's proprietary fintech infrastructure, broaden its product suite, cementing its leadership across key verticals, and capture the full potential of Uzbekistan's rapidly expanding digital economy.
Richard Deitz, Founder and President, VR Capital:
"Uzum embodies a unique confluence of a proven business model and first-mover advantage in a structurally underserved market. We are deeply impressed by the quality of the team and the remarkable progress the Company has achieved to date. It is our privilege to support Uzum's continued growth through our investment."
Alexey Garyunov, Managing Partner at FinSight Ventures:
"We believe Uzum represents one of the most compelling fintech and e-commerce growth stories in Central Asia. Since our initial investment last year, the company has achieved remarkable milestones — rapidly expanding its user base, launching new products, and driving monetization. The synergy across its diverse verticals has not only improved unit economics and reduced delinquency, but also lifted customer satisfaction and retention, reflected in a rising NPS and LTV. These dynamics mirror patterns we've seen in other breakout super-apps globally, and they're reinforcing Uzum's leadership in Uzbekistan's digital economy. We see enormous untapped potential to layer new services for both consumers and merchants on top of Uzum's existing platform. That's exactly why we're excited to double down in this new round and continue supporting Uzum on its journey."
Djasur Djumaev, Founder and CEO of Uzum:
"In just two years, Uzum has built the most comprehensive digital ecosystem in Uzbekistan. Today, we're reshaping how people shop, pay, and manage money. This new round of funding empowers us to deepen our fintech offerings and expand our leadership in digital banking and lending. We are delighted to welcome Tencent and VR Capital as new shareholders and proud to be working with tier-1 global investors who share our vision. It's also a vote of confidence in our strategy to integrate financial services directly within the country's largest e-commerce infrastructure."
About Uzum
Uzum is a digital ecosystem and the largest digital platform in Uzbekistan, providing services spanning e-commerce, express delivery, banking and fintech, and business development. The ecosystem includes Uzum Market, an online marketplace with a wide range of products and one-day delivery across the country; Uzum Tezkor, an express delivery service from restaurants and stores; Uzum Bank, a digital bank; Kapitalbank, the country's largest privately owned bank; Uzum Nasiya, an online unsecured lending service; and Uzum Business, an app for business customers. More than 17 million people — over half of Uzbekistan's population, use Uzum services every month. Learn more at https://uzum.com/en/.
The Company is compliant with AML/FATFA proceedings and observes international sanctions regime in terms of its business operations and incoming and outcoming investments.
About Uzbekistan
Uzbekistan, Central Asia's most populous country and second-largest economy by nominal GDP, is undergoing a generational digital and financial transformation. With nearly 60% of its 37 million citizens under the age of 30, the country combines favourable demographics with strong GDP growth (6.5% in 2024) and rising consumer demand.
Despite high mobile penetration and rapidly expanding internet access (projected to exceed 87% by 2027), Uzbekistan remains significantly underbanked: over 40% of adults lack access to formal financial services, and digital lending and card issuance are still nascent. This creates a vast opportunity for fintech disruption — particularly embedded finance models integrated with commerce.
E-commerce in Uzbekistan is expected to grow at a CAGR of 40–47% to reach $2.2 billion by 2027, according to KPMG, making it the fastest-growing digital consumer market in Central Asia. With strong government backing for financial inclusion, investment in digital infrastructure, and favourable regulatory reforms, Uzbekistan has become a launchpad for scalable digital finance and technology-driven platforms.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Uzum Secures $70M Equity Financing Led by Tencent and VR Capital, Reaches $1.5B Valuation
In the news release, "International Healthcare Week Returns to Thailand in 2026 with Expanded Industry Reach", issued on 15 January 2026 by Informa Markets. over PR Newswire, we are advised by the company that the testimonial featured on behalf of i-SENS, South Korea., the name mentioned should read "Na Jiwoong, POC Division Head, i-SENS, South Korea." rather than "Haeun Jung, Global Marketing Manager, i-SENS, Korea" as originally issued inadvertently.
BANGKOK, Jan. 15, 2026 /PRNewswire/ -- International Healthcare Week is set to return to Thailand (8-10 July 2026, Queen Sirikit National Convention Center, Bangkok), bringing together the region's most influential health and wellness stakeholders. Organised by Informa Markets, this flagship event will co-locate three major exhibitions: CPHI South East Asia, WHX Bangkok (formerly Medlab Asia and Asia Health), and Medtec Southeast Asia. These events will unite cutting-edge pharmaceutical, medical device, medical laboratory and design and manufacturers of medical devices under one roof, attracting an expected 26,000+ visitors.
Demonstrating Informa's strong commitment to expanding and deepening industry networks, International Healthcare Week 2026 will feature over 1,000 leading local, regional and international exhibitors. This expansion underscores the event's vital role as a strategic platform to advance the health and wellness industry throughout Southeast Asia.
By uniting pharmaceutical, medical device, medical laboratory, and medical technology manufacturing, International Healthcare Week 2026 plays a critical role in accelerating regional healthcare integration and improving health outcomes for diverse communities. The event supports Southeast Asia's healthcare priorities, promoting sustainable development and advanced medical technologies that benefit the entire region.
The events' collaborative approach empowers stakeholders to share knowledge, build partnerships, and create scalable solutions tailored to the unique challenges faced by Southeast Asia countries. This cultivates a robust healthcare ecosystem that enhances access, quality, and affordability of care.
International Healthcare Week 2026 promises to be an unparalleled convergence of industry expertise and business opportunities, strengthening Southeast Asia's collective capacity in health innovation and delivering lasting impact across the region.
"Thailand is at the heart of Southeast Asia's rapidly growing healthcare market, making it the perfect location to showcase our biosensor technology. WHX Bangkok offered an excellent opportunity to connect with prospective buyers and strengthen relationships with existing partners. This platform aligned seamlessly with our goals of expanding our presence in Asia, reaffirming our leadership in the diagnostic market, and driving sustainable growth in the region." Na Jiwoong, POC Division Head, i-SENS, South Korea.
"Participating in CPHI South East Asia has been an incredible experience for us! This event serves as a dynamic platform to connect with our valued customers, explore emerging market trends, and gain valuable industry insights. Our goal in being part of CPHI South East Asia is to strengthen our presence in the region, build meaningful relationships with customers, and proudly showcase our innovative drug delivery systems, active material science solutions, and services that advance patient care and improve treatment outcomes." Anand Hiremath, Vice President, Aptar Pharma, India.
With the theme "Local & Regional to Global Networking," the event aims to empower companies to scale their businesses from local markets to the wider global stage.
With a focus on addressing the needs of around 700 million Southeast Asia citizens, the event fosters innovation, delivers cutting-edge healthcare solutions, and encourages knowledge transfer and cross-border collaboration among industry leaders, policymakers, and investors.
Thailand - Southeast Asia's Hub for Healthcare Innovation
Thailand's robust infrastructure, supportive regulatory environment, and flourishing innovation ecosystem make it an ideal gateway for Southeast Asia-wide healthcare development. Positioned as a major regional hub, International Healthcare Week 2026 reinforces Thailand's growing role as a centre for healthcare, medical technology, and pharmaceutical development. This premier event offers unparalleled opportunities for forging new partnerships, attracting investments, and driving market expansion throughout the health ecosystem in ASEAN and beyond.
Be Part of International Healthcare Week 2026
The event offers unmatched opportunities to build meaningful partnerships and contribute to shaping the future of healthcare in Southeast Asia and extend global impact. Don't miss the chance to advance your career and position yourself at the forefront of healthcare evolution.
For more information and registration details, please visit https://inthealthcareweek.com/
About Informa Markets
Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio is comprised of more than 550 international B2B events and brands in markets including Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, specialist digital content and actionable data solutions. As the world's leading exhibitions organiser, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.
For Media enquiries, please contact:
Gautam Jatwani
Senior Marketing Manager
Informa Markets
Gautam.jatwani@informa.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
International Healthcare Week Returns to Thailand in 2026 with Expanded Industry Reach
