TASHKENT, Uzbekistan, June 23. TBC Bank Uzbekistan (TBC UZ), the country’s largest digital bank, today announced it has secured $12.5 million in funding from Dutch impact investor Triple Jump, Trend reports.
This financing will help diversify the bank’s funding base and accelerate the rollout of its new SME lending product, aimed at increasing financial inclusion across Uzbekistan.
Of the $12.5 million, $5 million will come from the Global Gender-Smart Fund (GGSF), managed by Triple Jump, while the remaining $7.5 million will be provided by Triple Jump’s ASN Microkredietpool Fund. Both funds focus on expanding access to responsible financial services in emerging markets, with the GGSF specifically targeting support for women, women-owned, and women-led businesses.
The newly allocated capital will empower TBC UZ to strategically
mitigate the financial accessibility deficit in Uzbekistan by
amplifying credit provision to underrepresented demographic
segments, with a pronounced focus on female constituents and
women-led business ventures. This initiative reinforces TBC’s
commitment to improving people’s lives by ensuring fairer access to
digital financial services.
This contractual arrangement escalates Triple Jump’s aggregate
exposure to TBC UZ to $22.5 million, subsequent to a preliminary
$10 million debt infusion from the GGSF in November 2024. The
recent development follows a $20 million debt financing arrangement
with Swiss impact investor Blue Orchard in April, elevating the
cumulative capital raised by TBC UZ to $45 million. The financial
institution remains engaged in the proactive acquisition of
wholesale capital to enhance its funding portfolio and underpin
enduring, sustainable expansion.
TBC UZ is part of TBC Uzbekistan, the leading digital financial ecosystem in Central Asia, which also includes Payme, a digital payments app serving individuals and small businesses, and Payme Nasiya (Payme Instalments), a consumer instalment credit service. TBC Uzbekistan is a subsidiary of London-listed TBC Bank Group PLC.
