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    World

    Fintech ZOOD secures $20 mn funding to expand operations in Uzbekistan

    Fintech ZOOD secures $20 mn funding to expand operations in Uzbekistan

    Fintech ZOOD, a digital lending platform with its headquarters in Switzerland, secured a funding round of $20 mn. This funding is set to accelerate the growth of its operations in Uzbekistan. The funds secured will enhance ZOOD’s innovative financial solutions in Uzbekistan.

    Photo: Fintech ZOOD secures $20 mn funding to expand operations in Uzbekistan
    Source: Fintech ZOOD

    The company, backed by a local team of 400 individuals, serves over 6 mn users. This development marks a significant advancement, building upon the success ZOOD has achieved since its inception in Uzbekistan in 2019.

    ZOOD anticipates an additional debt funding of $30 mn before the middle of 2024. This funding will expand its lending portfolio in Uzbekistan, reinforcing its commitment to driving financial innovation and digital solutions.

    About fintech ZOOD

    Fintech ZOOD is a leading digital lending platform based in Switzerland. It provides innovative financial solutions and operates in Uzbekistan, Pakistan, and Lebanon. ZOOD serves over 10 mn users globally through its diversified FinTech ecosystem. ZOODPay (lending), ZOODMall (marketplace), and ZOODShip (logistics, operated by Fargo.uz) are part of ZOOD’s ecosystem. The company is committed to revolutionizing lending services and e-commerce in emerging markets.

     

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    19.02.2024, 18:58   Comments (0)   2626
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