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Uzum raises $52m in Series A funding

Uzbekistan based e-commerce startup offering fintech and food delivery services raised $52m in Series A funding led by FinSight Ventures.

“Because we attract customers on e-commerce, we retain them on high-transaction businesses like daily banking, which is 100% digital. We monetize them on our lending or credit products, which are 100% Sharia-compliant, which is also very appealing to at least 85% of the population in Uzbekistan,”

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asia, uzbekistan, unicorn, ecommerce, embedded finance