Uzum, a Tashkent-based digital ecosystem for ecommerce and fintech, raised more than $130 million at a $2.3 billion pre-money valuation from Omani sovereign-backed investors. This reinforces Uzum’s position as a scaled digital ecosystem spanning ecommerce, banking, payments, and consumer lending in Uzbekistan. The deal highlights how Gulf sovereign capital is increasingly acting as a strategic alternative to traditional venture funding in emerging tech markets. This is especially evident where platforms combine financial services with core digital infrastructure. It also suggests investor confidence in Uzum’s broad reach, more than 20 million users, and its integrated logistics-plus-fintech model. These factors can support long-term national expansion while deepening economic ties between Oman and Uzbekistan.
Uzbek Fintech Firm Uzum Raises $130M Led by Oman Sovereign Funds
