Uzum, a digital services ecosystem in Uzbekistan, has become the country’s first tech unicorn with a post-money valuation surpassing $1 billion after securing $114 million USD through a Series A round, along with debt financing. The Uzum ecosystem, which includes e-commerce, fintech, and banking services, plans to utilize the funds to develop IT and logistics infrastructure, as well as to expand its buy now, pay later (BNPL) service. Uzum’s rapid growth underscores Uzbekistan’s burgeoning tech potential, supported by factors such as high internet penetration, a young population, and a growing e-commerce market.
With Superapp Uzum, Uzbekistan Gets its First Tech Unicorn
