Fintech company Uzum has announced the attraction of 300 billion UZS - about $25 million - from the American fund VR Capital. The fund, one of the largest international investors in emerging markets, is investing in Uzum for the second time, which is seen as confirmation of the sustainable dynamics of Uzbekistan's digital economy.
Uzum reports that the new funding will accelerate the development of the company's key fintech verticals. The priorities are digital banking, payment infrastructure, and consumer lending. The company notes that it will continue to create accessible and scalable financial services, relying on local infrastructure and increasing the level of financial inclusion for millions of users.
The importance of attracting investments in the national currency is particularly emphasized. According to Uzum, this strengthens the role of the UZS in international settlements and supports the stability of corporate financing in the country.
The Uzum ecosystem is used by about 20 million residents of Uzbekistan. The company intends to further develop the country's largest digital platform, improving the quality of services and promoting the digital transformation of the economy.
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