Tashkent, Uzbekistan (UzDaily.com) — TBC Bank Group (TBC PLC), a leading operator of digital financial ecosystems in Georgia and the largest digital banking player in Uzbekistan, has announced the acquisition of a controlling stake in BILLZ, a leading retail automation platform in Uzbekistan.

The deal marks one of the most significant transactions in Uzbekistan’s rapidly growing tech sector in recent decades.

Following regulatory approvals, TBC Bank Group will acquire 53% of BILLZ for US$9 million, with plans to increase its stake to 60% over the next two years. Upon completion, BILLZ’s valuation could reach US$20 million. The platform will be fully integrated into the TBC Uzbekistan digital banking ecosystem while retaining its own brand. BILLZ’s leadership and team will continue to manage the company, further developing existing products and creating new solutions.

The partnership will unlock new opportunities for both BILLZ and TBC Uzbekistan. Through its synergy with BILLZ, TBC will significantly expand its reach in the small and medium business segment, gaining direct access to thousands of new clients. BILLZ users, in turn, will benefit from access to a broad range of TBC banking services, including digital payments via Payme, installment purchases through Payme Nasiya, and other financial products.

BILLZ currently serves over 4,000 retail businesses and processes more than 1.5 million transactions each month. The platform offers solutions in POS, inventory management, CRM, e-commerce, and business analytics, along with integration with marketplaces and social networks. Thanks to the new partnership, BILLZ users will gain expanded functionality through the introduction of financial services and enhanced digitalization.

Nika Kurdiani, CEO of TBC Uzbekistan, noted that since entering the Uzbek market in 2019, the group has become a key player in the digital transformation of the financial sector and a major investor in the country's fintech infrastructure. According to him, the integration of BILLZ is the next step in building a modern digital banking ecosystem that enhances customer engagement and revenue growth.

Rustam Khamdamov, Co-Founder and CEO of BILLZ, emphasized that the deal with TBC is a landmark event for the entire startup ecosystem in Central Asia. He stated that joining forces will allow BILLZ not only to strengthen its market position but also to offer clients a broader range of services, leveraging TBC Uzbekistan’s resources and expertise.

The deal comes amid favorable macroeconomic conditions: Uzbekistan has demonstrated steady GDP growth averaging around 6% per year over the past decade, while demand for digital services and fintech products continues to rise. This partnership underscores the growing interest of international investors in securing a foothold in the country’s emerging technology landscape.

TBC Capital acted as the advisor for the transaction.