Tashkent, Uzbekistan (UzDaily.com) -- On 28 December 2022, Finance TCI LLC acquired 50% of the shares of Kapitalbank at exchange auctions. The deal amounted to 786.89 billion soums. Thus, the Russian company Telecominvest withdrew from the shareholders of the bank, and the Uzbek LLC "Finance TCI" became the majority shareholder with a share of ownership of 61.54%.

Finance TCI is a subsidiary of Djuzum SPV, which develops a unique ecosystem of Uzum digital services for Uzbekistan. The Uzum group of companies is a joint project that brings together the expertise and assets of more than 10 entrepreneurs and investors in Uzbekistan.

In November 2022, a subsidiary of Kapitalbank, the digital bank Apelsin, joined the Uzum ecosystem and changed its name to Uzum Bank. 1.5 million people in the country use the service every month. Uzum Bank occupies a leading position in the number of p2p transfers. Integration with other ecosystem services allowed the bank to launch an updated cashback program, including, among other things, additional bonuses when paying for orders from Uzum Market through the Uzum Pay service.

In October 2022, the marketplace with fast delivery Uzum Market was launched. Now the assortment on the site is more than 200 thousand unique products, and the geography of delivery covers 17 settlements and most of the country, actively expanding.

The halal installment payment service Paymart has also joined the ecosystem and changed its name to Uzum Nasiya. The service has about 250 thousand customers and more than 1,500 thousand partner stores across the country.

The integration of leading financial and e-commerce services and the combination of the expertise of the best specialists in their fields will allow Uzum to create a unique ecosystem of services for individuals and business development. Thus, the Uzum Market marketplace gives companies and private entrepreneurs the opportunity to find new customers and sell their goods throughout the country using an IT platform and logistics solutions. Thanks to the development of Uzum financial services aimed at remote servicing of legal entities and automation of accounting, the process of doing business will become easier, which means that even more residents of the country will be able to start their own business.

By joining the Uzum ecosystem, Kapitalbank will significantly expand its client base at the expense of its users. Being one of the strongest banking brands and the largest private bank in Uzbekistan, Kapitalbank, along with the development of its own services and services, will additionally offer a joint product line in cooperation with the Uzum brand. So, for example, bank customers will have a single Uzum ID for all services and access to the loyalty system, and bank services will become available to Uzum Market users. At the same time, Kapitalbank will retain its own brand, the conditions for partners and customers of the bank will remain unchanged.