Uzum Raises $70 Million Equity Financing, Reaches $1.5 Billion Valuation

Uzum, an Uzbekistan-based ecommerce and fintech platform, led by Djasur Djumaev(CEO and Founder of the Uzum Ecosystem), Nikolay Seleznev(Co-founder and Chief Strategy and Business Development Officer), Roman Lavrentev(Co-Founder and COO), Nikita Gulyaev(CFO), Sergey Salikov(General Counsel), Anna Melnova(Chief Marketing Officer), Kevin Khanda(CTO and CPO), Egor Abramets(CEO of Uzum Fintech), and Dmitry Benzoruk(CEO of Uzum E-Commerce), announced $70 million in equity financing from Tencent and VR Capital, with participation from FinSight Ventures.

Uzum’s latest funding round boosts its valuation to around $1.5 billion, reflecting strong momentum across core business segments since its March 2024 raise.

Uzum is experiencing rapid growth across both fintech and e-commerce. Uzum Bank has become the fastest-growing bank in Uzbekistan, issuing over 2 million co-branded Visa debit cards with embedded credit limits since August 2024—an industry first in the country. Its BNPL-led consumer credit business also tripled its total financed volume (TFV) in H1 2025.

On the commerce side, Uzum Market and Uzum Tezkor drove ~1.5x year-over-year GMV growth, cementing Uzum’s position as Uzbekistan’s only at-scale, vertically integrated fintech and e-commerce platform.

Uzum’s latest funding round, at a $1.5 billion valuation, underscores its dominant market position and ambitious vision. The capital will fuel the expansion of its proprietary fintech infrastructure, the launch of new financial products, and further solidify its leadership across core verticals, as it looks to seize the full potential of Uzbekistan’s fast-growing digital economy.