US EditionUzum Secures $70M Equity Financing Led by Tencent and VR Capital, Reaches $1.5B Valuation
UZBEKISTAN, AUG 5 – Led by Tencent and VR Capital, Uzum raised $70 million, lifting its valuation to $1.5 billion and tripling its buy now, pay later lending volume in early 2025.
- On August 5, 2025, Uzum completed a funding round of close to $70 million in equity investment, primarily backed by Tencent and VR Capital, which increased the company’s valuation to approximately $1.5 billion.
- This funding round follows Uzum's March 2024 first equity raise led by FinSight Ventures and reflects strong growth in Uzbekistan's expanding digital economy.
- Uzum is Uzbekistan’s largest integrated digital platform, blending e-commerce, digital banking, and financial services, serving over 17 million users monthly and having distributed more than two million Visa debit cards co-issued with its banking partner.
- The company’s buy-now-pay-later offering tripled total financed volume in the first half of 2025, while its e-commerce segment grew gross merchandise value by 1.5 times year-over-year.
- The new capital will accelerate fintech infrastructure development, broaden product offerings, and strengthen Uzum’s leadership in Uzbekistan’s fintech and e-commerce sectors amid rapid digital transformation.
12 Articles
12 Articles
PR Newswire
Uzum Secures $70M Equity Financing Led by Tencent and VR Capital, Reaches $1.5B Valuation
Funding to accelerate the expansion of Uzbekistan's leading fintech platform and e-commerce ecosystem Uzum raises nearly $70 million in equity financing led by...
Uzum Raises $70M in Tencent-Led Round, Hits $1.5B Valuation
TASHKENT, Uzbekistan, Aug. 5, 2025 /PRNewswire/ -- Uzum, Uzbekistan's leading digital ecosystem, has secured nearly $70 million in equity financing from Tencent and VR Capital, with participation from FinSight Ventures—a U.S. fund focused on AI, fintech and super-app investments, and lead investor in Uzum's first equity round completed in March 2024. Tencent is a world-leading internet and technology company with a diverse portfolio of innovativ…
Uzum Raises $70M to Accelerate Fintech Infrastructure Expansion Uzum Raises $70M to Accelerate Fintech Infrastructure Expansion
Tencent and VR Capital lead a $70 million equity round, boosting Uzum’s digital banking, credit, and financial technology services across Uzbekistan. Highlights: $70M Equity Raise: Uzbekistan’s fintech super‑app Uzum secured nearly $70 million in equity financing from Tencent and VR Capital, with backing from FinSight Ventures, lifting its valuation to around $1.5 billion. Fintech Infrastructure Upgrade: Proceeds will fuel accelerated rollout …
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