Tashkent, Uzbekistan (UzDaily.com) — TBC Bank, Uzbekistan’s largest digital bank, has secured a new round of financing totaling US$12.5 million from the Dutch investment firm Triple Jump.

The funds will be used to expand access to financial services across the country, with a particular focus on scaling up the bank’s lending services for small and medium-sized enterprises (SMEs). This initiative is part of TBC Bank’s broader strategy to enhance the accessibility of digital financial products in Uzbekistan.

The financing will be provided through two funds managed by Triple Jump: US$5 million from the Global Gender-Smart Fund (GGSF), which focuses on supporting women and women entrepreneurs, and US$7.5 million from the ASN Microkredietpool fund. Both funds are committed to promoting inclusive financial solutions in emerging markets.

With this new investment, TBC Bank aims to significantly reduce the financial inclusion gap, especially for underserved segments of the population. A particular emphasis will be placed on lending to women and women-led enterprises. This aligns with TBC’s mission of making life easier through fair and convenient access to digital financial solutions.

Nika Kurdiani, CEO of TBC Uzbekistan, underscored the importance of the agreement, highlighting that it strengthens the bank’s partnership with Triple Jump and boosts its position in the SME sector: “We are actively diversifying our funding sources and expanding our product portfolio. This new agreement will allow us to increase our reach within the SME segment, which is a key component of our future lending strategy. It marks an important step toward our overarching goal of expanding access to modern financial services in emerging markets and supporting sustainable economic growth in Uzbekistan.”

Jarry Jung, Director of Financial Institutions at Triple Jump, commented: “We are pleased to deepen our partnership with TBC Bank. The bank has already demonstrated impressive results in advancing financial inclusion in Uzbekistan, and we are confident that this new round of financing will help achieve even greater impact.”

Following this latest transaction, Triple Jump’s total commitments to TBC Bank have reached US$22.5 million. In November 2024, the GGSF fund provided the bank with US$10 million in debt financing. Additionally, in April of this year, TBC Bank signed an agreement with Swiss impact investment firm Blue Orchard, bringing the total volume of financing from Blue Orchard to US$45 million.

Through this consistent strategy of attracting external capital, TBC Bank continues to diversify its funding base and ensure sustainable growth, supporting the ongoing digital transformation of Uzbekistan’s financial sector.