Eurasian Development Bank has signed a $70 million investment loan agreement with Uzum to support the expansion of the company’s fintech business in Uzbekistan.
The agreement was announced during the opening of the EDB’s representative office in Tashkent and marks the bank’s first investment in Uzbekistan since the country joined the organization.
According to the EDB, the financing will support the continued growth of Uzum’s fintech operations, including digital payments, consumer finance, and financial services for households and small businesses.
EDB Chairman Nikolai Podguzov described digital platforms as a growing part of modern economic infrastructure, adding that the partnership aims to improve financial inclusion and strengthen regional economic connectivity across Eurasia.
Uzum founder and CEO Djasur Djumaev said the investment recognizes the company’s role in building financial infrastructure at a national scale and reflects growing institutional interest in digital platforms and fintech ecosystems.
Uzbekistan is currently one of the fastest-growing digital economies in Eurasia, driven by rising adoption of cashless payments and digital financial services. More than 70 million bank cards are currently in circulation across the country.
Uzum combines fintech, e-commerce, and banking services into a single digital ecosystem. Its offerings include a marketplace, express delivery, digital banking, BNPL services, and a car marketplace. The company says more than 20 million people use its services each month.
