#uzum

Uzum, an Uzbekistan-based financial technology company, has attained a valuation of $2.3 billion. This represents an increase of approximately 53% compared to just seven months prior, as investors progressively back the nation’s burgeoning digital economy. This appraisal originates from a capital injection totaling $131.5 million. State-owned investment funds from Oman spearheaded this funding,…

Uzbekistan fintech Uzum has reached a $2.3 billion valuation — about 53% higher than just seven months ago — as investors place growing bets on the country’s emerging digital economy. The valuation stems from a $131.5 million investment led by sovereign wealth funds from Oman, with participation from existing investors including Tencent, VR Capital, and FinSight Ventures. This round comprises…

At a time when the world feels more and more divided between East and West, Uzbekistan has emerged as a uncommon center floor, because the Central Asian nation’s homegrown unicorn, Uzum, has raised $65.5 million in a brand new funding spherical co-led by China’s Tencent and the New York- and London-based VR Capital, with participation from U.S.-based FinSight Capital. The all-equity spherical…