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Uzbekistan's Uzum valuation leaps over 50% in seven months to $2.3B | TechCrunch

Uzbekistan fintech Uzum has reached a $2.3 billion valuation — about 53% higher than just seven months ago — as investors place growing bets on the country’s emerging digital economy. The valuation stems from a $131.5 million investment led by sovereign wealth funds from Oman, with participation from existing investors including Tencent, VR Capital, and FinSight Ventures. This round comprises $81.5 million in equity and $50 million in convertible financing tied to Uzum’s next funding round, as t...

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