Tencent-Backed Fintech Uzum Plans New Funding Round by Year-End

Uzum, an Uzbek fintech company backed by China's Tencent Holdings Ltd., is planning to launch a new funding round before the end of the year as it accelerates its expansion strategy. The funding initiative is part of the company's broader efforts to strengthen its financial position and operational capacity ahead of a potential initial public offering. The move reflects investor confidence in Uzum's business model and growth trajectory in the Central Asian market. The company has been actively expanding its fintech services and building its platform presence in the region. This funding round is expected to provide the capital necessary to support the company's ambitious expansion plans and prepare it for future public markets entry.