Uzum
Uzum is a company based in Uzbekistan. Builders in Fintech has recorded 1 equity round for Uzum: a round of 131,500,000 USD on 10 March 2026.
Added ·
Funding history
131,500,000 USD
Oman Investment AuthorityLead, FinSight Ventures, Tencent, VR Capital
Added · · Weekly update #123
Investors
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Nikolay worked in investment banking and management consulting in London and across EMEA before co-founding Uzum almost four years ago.
Uzum builds e-commerce and fintech as one ecosystem in Uzbekistan and became the country's first tech unicorn in 2024.
Uzum became Uzbekistan's number one e-commerce player within eight weeks of launch.
Uzum built its own logistics network and guarantees next-day delivery to any settlement of 10,000 or more people.
Uzum issued more than 2.8 million debit cards with pre-approved credit limits in under 12 months and targets 5 million by year-end and 10 million by 2026.
Uzum's pickup points are becoming mini branches with ATMs and staff who sell its financial services.
Uzum holds banking and microfinance licences.
Uzum raised about $70 million in March 2024, becoming a unicorn, and about $70 million more in 2025 in a round led by Tencent and VR Capital at a $1.5 billion valuation.
Almost 60% of Uzum's e-commerce sales are paid with its own payment methods, including BNPL and cards.
Uzum runs its own core banking system and card processing, partnering with Visa.
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