Uzum's EDB debt financing rises to $100M in Uzbekistan
What's the deal? The Eurasian Development Bank (EDB)Dealroom has a profile for this one. Try Dealroom → has raised its debt financing for Uzbek digital ecosystem Uzum from $70 million to $100 million. The money will support Uzum's fintech business and expand digital financial services for individuals and small and medium-sized businesses across Uzbekistan.
What's the endgame? Uzum combines fintech, e-commerce, and banking in one platform used by more than 20 million people in Uzbekistan each month. Uzum BankDealroom has a profile for this one. Try Dealroom → led bank card issuance growth in the country in 2026, and more than 50% of orders on its Uzum MarketDealroom has a profile for this one. Try Dealroom → marketplace are now paid for using the ecosystem's own financial services.
Why now? The original agreement was signed in May 2026 and marked EDB's first investment in Uzbekistan after the country joined the bank. The increase, said founder and chief executive officer Jasur Jumaev, "reflects the results achieved by the company in recent months and investor confidence in its strategy."
By the numbers: At $100 million, the deal ranks among the largest debt rounds recorded in Uzbekistan's internet sector — above the 90th percentile across 142 comparable deals. EDB's accumulated portfolio stood at 348 projects worth $22.1 billion as of end-June 2026.
What they're saying: "Digital platforms are a key element of economic infrastructure," said Sergey Ignatov, EDB senior managing director. "By financing their growth, we are investing not only in a specific company but also in the region's technological connectivity and access to financial services for millions of people."
The signal: The top-up lands as Uzbekistan's digital economy expands on rising cashless payments, digital banking, and demand from younger consumers. For a multilateral lender scaling its first bets in the country, backing a national fintech platform is a wager on the plumbing of the whole market — not just one company.
Read more: trend.az
Image credit: Generated with Gemini
