UzOman invests in Uzbekistan operations of digital lender Zood

By bne IntelIiNews June 24, 2023

Uzbek Oman Investment Company (UzOman) has invested in the Uzbekistan operations of digital lending platform Zood.

Switzerland-based Zood provides financial solutions in Uzbekistan, Pakistan, Iraq and Lebanon.

UzOman is a JV formed by two wealth funds, namely the Oman Investment Authority (OIA) and the Uzbek Fund for Reconstruction and Development of Uzbekistan (UFRD). The funds did not disclose details of the investments made in Zood.

Mohamed Al Lawati, CEO of UzOman, said: “This investment is part of our ongoing efforts to promote and invest in Uzbekistan's rapidly growing financial sector."

Zood has offices in 10 locations worldwide. It serves more than 10mn users.

ZoodPay, Zood’s fintech arm, offers lending solutions.

Related Articles

Central Bank of Egypt directs banks to open digital accounts in foreign currencies

The Central Bank of Egypt (CBE) has allowed banks to open financial inclusion accounts in foreign currencies for individuals and micro-enterprises classified as low-risk (categories A and B) under a ... more

Egypt to shortly receive $675mn in FDI from 5G licences

Egyptian Prime Minister Mostafa Madbouly said on Wednesday (October 8) that the government is set to collect up to $675mn in direct foreign investment (FDI) within weeks from selling 5G licences ... more

EBRD extends $130mn loan to finance Egyptian Coca-Cola HBC capex investment

The European Bank for Reconstruction and Development (EBRD) extended a $130mn (€123.8mn) loan facility to finance capex investment and working capital of Coca-Cola HBC in Egypt, the bank said ... more

Dismiss