Uzum Raises 300 Billion Soums from U.S. VR Capital to Expand Fintech Operations

Tashkent, Uzbekistan (UzDaily.com) — Fintech company Uzum announced that it has secured 300 billion soums, approximately US$25 million, from the American investment fund VR Capital.

VR Capital is one of the largest international investors operating in emerging markets. This marks the fund’s second investment in Uzum, signaling strong confidence in the growth of Uzbekistan’s digital economy.

The company stated that the funding will accelerate the development of its core fintech areas, including digital banking, payment infrastructure, and consumer lending.

Uzum emphasized its commitment to providing accessible and scalable financial services, leveraging local infrastructure to increase financial inclusion for millions of users.

A key aspect of the investment is that it was raised in the national currency, the soum, reinforcing its role in international transactions and strengthening corporate finance stability in Uzbekistan.

According to the company, the Uzum ecosystem already serves approximately 20 million residents. Uzum intends to continue expanding the country’s largest digital platform and to drive further digital transformation of the national economy.