EDB increases Uzum financing to $100 million
The additional $30 million will support the Uzbek digital ecosystem’s fintech business and services for consumers and small businesses.
8 Oct 2026
The Eurasian Development Bank has increased its financing for Uzbekistan’s Uzum from $70 million to $100 million, expanding a lending relationship that began in May. The additional $30 million will support the company’s fintech business and the expansion of digital financial services across Uzbekistan, the bank announced on October 5.
Uzum combines online shopping, payments, banking and instalment finance in one group. Its services reach more than 20 million people in Uzbekistan each month, according to the company. That gives the financing a role across both consumer purchases and the tools that small and medium-sized businesses use to sell and receive payments.
The increase builds on a $70 million investment loan agreement signed on May 19. That agreement was signed at the opening of the EDB’s representative office in Tashkent and marked its first investment in Uzbekistan after the country joined the bank. The original financing was directed at digital payments, consumer finance and financial services for households and small businesses.
The October announcement continues that focus. In its update on the expanded partnership, Uzum said more than half of orders on its marketplace are paid for through the group’s own financial services. The company also said Uzum Bank led Uzbekistan’s market in the growth of bank-card issuance in 2026.
Those links between shopping and finance are central to the company’s business. Uzum’s product portfolio includes the Uzum Market marketplace, Uzum Tezkor delivery service, Uzum Bank and Uzum Nasiya instalment-payment service. It also offers Uzum Business for entrepreneurs and Uzum Avto for car purchases. The group combines customer-facing apps with payments and delivery infrastructure.
For the EDB, the expanded agreement forms part of its effort to grow its activities in Uzbekistan. Senior managing director Sergey Ignatov described digital platforms as economic infrastructure and said the financing supports access to financial services and the region’s technological connectivity.
Uzum founder and CEO Djasur Djumaev said the partnership brings more international capital into Uzbekistan’s digital economy. The next phase of the relationship will support the group’s fintech expansion and wider access to digital financial services for individuals and small businesses across the country.