The funds amounting to approximately 300 billion Soums, attracted from VR Capital, one of the world's leading investors, will be directed towards the development of Uzum's digital banking and payment infrastructure.
Second Deal and Confidence
This is the second cooperation agreement between VR Capital and Uzum; earlier, in 2025, VR Capital became one of Uzum's key investors, which indicates the fund's high confidence in Uzbekistan's rapidly developing digital economy.
The attracted investment will accelerate the development of Uzum's priority fintech directions — digital banking, payments, and consumer lending. Furthermore, this deal is a bright evidence of the strengthening economic ties between Uzbekistan and the USA amid the growth of cross-border investments between the two countries.
The International Status of the Soum is Growing
Jasur Jumaev, the founder of Uzum, emphasized that the new financing will strengthen the pace of digitalization not only of the Uzum ecosystem but also of the country's economy. Crucially, the financing was allocated in the national currency — this demonstrates the steadily growing importance of the Soum in international settlements and corporate financing. Richard Deitz, President of VR Capital Group, also expressed his admiration for Uzum's growth rate and stated his support for the platform's contribution to digital transformation.
Uzum continues to develop the country's largest digital platform, combining online commerce, digital and traditional banking, as well as fintech services into a single ecosystem. Currently, more than 20 million Uzbek citizens actively use this ecosystem.
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