Uzum, Uzbekistan’s leading digital ecosystem, secured more than $130 million in new strategic funding, lifting its valuation to $2.3 billion. The round was led by sovereign investors from Oman alongside existing backers VR Capital, Tencent, and FinSight Ventures, underscoring sustained investor confidence.
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The company plans to channel the fresh capital into its e-commerce, digital banking, and payment operations, with a focus on technology and logistics. Uzum’s ecosystem, which includes Uzum Market, Uzum Bank, Uzum Nasiya, and delivery service Uzum Tezkor, now reaches about 20 million users, over half of the country’s adult population.
Operational metrics highlight rapid expansion, with payment volume reaching roughly $11 billion in 2025 and annual transacting users climbing to 4.6 million. Revenue increased to $691 million from $505 million in 2024, while net income rose to $176 million from $150 million, and the marketplace achieved EBITDA profitability after three years.
Fintech remains the main earnings engine as Uzum Bank served around 5 million customers in 2025 and issued 4.1 million debit cards, about half of all cards nationwide. The unsecured loan book reached approximately $400 million, with total credit volume at $1.2 billion, and management is targeting another 5 million banking customers over the next year.
Uzum is also widening its commerce offering by opening cross-border access to sellers in markets such as Turkey and China, adding nearly 200 million SKUs to its roughly 1.5 million local products. To support this growth, the company plans to double its network of about 1,500 pickup points to 3,000 by 2026 and expand warehouse capacity from 125,000 to around 500,000 square meters.
On the talent front, Uzum signed a cooperation memorandum with Turin Polytechnic University in Tashkent to foster joint IT and education initiatives, including internships and support for student startups. The company further emphasized inclusive entrepreneurship, noting that more than one third of Uzum Market sellers are women and highlighting partnerships with the Hamroh project and UNDP to train over 2,100 women.
Cultural engagement also featured in the week’s activity, with Navruz and Ramadan greetings shared on LinkedIn in multiple languages to reinforce local resonance. While these posts carry limited financial significance, they support brand affinity as Uzum positions itself at the center of Uzbekistan’s digital economy and advances its long-term growth ambitions.