tech
March 10, 2026
Uzbekistan's Uzum valuation leaps over 50% in seven months to $2.3B
Uzum now reaches 20 million users and processes $11B in payments as it expands its e-commerce and fintech ecosystem across Uzbekistan.
TL;DR
- Uzum's valuation has reached $2.3 billion, a 53% increase in seven months, following a $131.5 million investment round.
- The investment was led by Oman's sovereign wealth funds, with participation from existing investors like Tencent and VR Capital.
- Uzum aims for a $250 million to $300 million pre-IPO raise in late 2026 or early 2027.
- The company is Uzbekistan's leading 'digital ecosystem,' combining e-commerce, payments (Uzum Bank), and consumer lending (Uzum Nasiya).
- Uzum now reaches approximately 20 million users, over half of Uzbekistan's adult population, and processed $11 billion in payment volume in 2025.
- Fintech operations are the primary source of Uzum's profitability, with its digital bank serving around 5 million customers and a loan book of $400 million.
- The startup is investing heavily in logistics and infrastructure, planning to expand its pickup points to 3,000 locations by 2026 and warehouse capacity significantly.
- Uzum intends to go public within the next three years, exploring listing venues in the U.S., Europe, the Middle East, and Southeast Asia.
Continue reading the original article