Tech article
Uzbekistan’s Uzum valuation leaps over 50% in seven months to $2.3B
Publisher description: Uzum now reaches 20 million users and processes $11B in payments as it expands its e-commerce and fintech ecosystem across Uzbekistan.
TechCrunch | Mar 10, 2026 | Jagmeet Singh
Automated excerpt
In August, Uzum raised $65. 5 million at a $1. 5 billion valuation. Uzum began with an e-commerce marketplace, Uzum Market, and has since expanded into financial services through its digital banking arm, Uzum Bank, and consumer lending platform, Uzum Nasiya. The startup reported revenue of $691 million in 2025, up from $505 million a year earlier, while net income rose to $176 million from $150 million.
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