Breaking News
TBC Bank Uzbekistan Secures Further $10m Credit Facility From Responsibility
TBC Bank Uzbekistan (TBC UZ), the country’s largest mobile-only bank, has secured a new $10 million credit line from Switzerland-based impact asset manager responsAbility Investments AG.
This is the third credit line agreement between the two entities, bringing the total funding for TBC Uzbekistan from responsAbility to $35 million. The funding will support TBC UZ’s loan portfolio growth, help the digital bank further diversify its funding base, and promote financial inclusion in Uzbekistan, Central Asia’s most populous country.
TBC UZ is part of TBC Uzbekistan, a leading digital financial ecosystem in Central Asia, which also includes Payme, a digital payments app for individuals and small businesses; and Payme Nasiya (Payme Instalments), an instalment credit business. The ecosystem is part of London-listed TBC Bank Group PLC.
responsAbility is a leading Swiss impact asset manager, specialising in private market investments across three investment themes: financial inclusion, climate finance and sustainable food. The company manages $5.0 billion in assets across approximately 280 portfolio companies in about 70 countries, as of 30 June 2024.
Nika Kurdiani, CEO of TBC Group operations in Uzbekistan, commented:
“We are delighted to secure this additional $10 million credit facility from responsAbility Investments AG, bringing our total funding from them to $35 million. This continued partnership underscores the strength of our business model and the growing confidence in Uzbekistan’s digital banking sector. As we continue to grow our loan portfolio and diversify our product offering, we remain committed to promoting financial inclusion and empowering individuals and businesses in Uzbekistan through access to world-class digital financial services.”
People In This Post
Companies In This Post
- Standard Chartered Appointed as Digital Asset Custodian for TP ICAP’s Fusion Digital Assets Read more
- Vivox AI Raises £1.3m to Scale Regulator-ready Atomic AI Agents for Financial Crime Compliance Read more
- Diebold Nixdorf Names Andy Zosel as Chief Product and Technology Officer Read more
- YouLend Secures Multi-Year Forward-Flow Facility from Värde Partners to Accelerate U.S. Growth Read more
- Addepar Unveils Addison, a Native AI Experience Built to Deliver Actionable Intelligence Across Investment Workflows Read more
Vivox AI Raises £1.3m to Scale Regulator-ready Atomic AI Agents for Financial Crime Compliance
Vivox AI, a UK-based technology company building regulator-ready, atomic AI agents for AML, KYB/KYC and financial crime, has raised £1.3 million ($1.6 million) in its first funding round to accelerate product development and scale its enterprise platform.
YouLend Secures Multi-Year Forward-Flow Facility from Värde Partners to Accelerate U.S. Growth
YouLend, the leading global embedded financing platform for e-commerce, payment and technology platforms, today announces a multi-year financing partnership with Värde Partners, a global investment firm, to further expand its capital base in the United States. The financing is structured as a forward-flow agreement with potential for Värde to purchase up to $225 million in receivables originated by YouLend.
Propel Finance Partners with Onecom to Offer Subscription Finance to SMEs
Propel Finance, the UK's fastest-growing asset finance lender, has announced a new strategic partnership with Onecom, one of the UK’s leading providers of business communications, connectivity and managed IT solutions, supporting thousands of SME and enterprise customers nationwide.
Vantage Capital Leads R635m Investment Into SolarAfrica Energy
Vantage Capital (www.VantageCapital.co.za), Africa’s largest mezzanine debt fund manager, announced that it has made a R635m investment into Commercial Energy South Africa (“CESA”), a subsidiary of SolarAfrica Energy (“SolarAfrica”), a leading South African energy solutions provider, alongside co-investor, Greenpoint Capital. CESA holds commercial & industrial (“C&I”) solar and battery energy assets developed by SolarAfrica.
Confido Raises $9 Million to Scale Embedded Financial Infrastructure for Law Firms and LegalTech Platforms
Confido, the embedded financial infrastructure platform purpose-built for law firms and legal technology, today announced it has raised $9 million in financing over two rounds, the latest of which was led by Aquiline Capital Partners.
Presight–Shorooq $100M AI Fund Deploys Capital in Five Companies in its First Quarter
The Presight-Shorooq Fund I, a $100 million global AI innovation fund, has invested in five cutting-edge AI startups
Platinum Credit Uganda Secures $4 Million Funding Boost to Expand MSME and Low-income Financing Across Uganda
Platinum Credit Uganda, a subsidiary of The Platcorp Group, has secured $4 million in investment from Swiss asset manager Symbiotics to expand its financing for low-income households and micro, small, and medium enterprises (MSMEs) across Uganda.
Standard Chartered Appointed as Digital Asset Custodian for TP ICAP’s Fusion Digital Assets
Standard Chartered has been appointed as the digital asset custodian and settlement agent for TP ICAP’s Fusion Digital Assets. This partnership will support the global markets infrastructure provider as it expands its matched principal trading activities.
Vivox AI Raises £1.3m to Scale Regulator-ready Atomic AI Agents for Financial Crime Compliance
Vivox AI, a UK-based technology company building regulator-ready, atomic AI agents for AML, KYB/KYC and financial crime, has raised £1.3 million ($1.6 million) in its first funding round to accelerate product development and scale its enterprise platform.
Diebold Nixdorf Names Andy Zosel as Chief Product and Technology Officer
Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people bank and shop, today announced that Andy Zosel has joined the company as executive vice president, chief product and technology officer. In this newly created role, Zosel will lead the company's unified Product & Technology organization to bring together product management, engineering, R&D, software and hardware innovation across banking and retail to drive speed, consistency and long‑term growth.
YouLend Secures Multi-Year Forward-Flow Facility from Värde Partners to Accelerate U.S. Growth
YouLend, the leading global embedded financing platform for e-commerce, payment and technology platforms, today announces a multi-year financing partnership with Värde Partners, a global investment firm, to further expand its capital base in the United States. The financing is structured as a forward-flow agreement with potential for Värde to purchase up to $225 million in receivables originated by YouLend.
Addepar Unveils Addison, a Native AI Experience Built to Deliver Actionable Intelligence Across Investment Workflows
Addepar, a global data and AI platform empowering investment professionals to turn complex financial information into actionable intelligence, today announced the launch of Addison, its new native AI experience embedded within the platform. The release marks a pivotal step in Addepar’s strategy to deploy native AI, intelligent agents, and intuitive workflows across the investment lifecycle, enabling clients to achieve new levels of operating leverage and deliver more consistent, trusted outcomes at scale.
iDenfy Releases a Unique KYB AI Reviewer That Automates the Corporate Onboarding Process
iDenfy, a global RegTech company that specializes in identity verification and fraud prevention services, announced the AI Company Reviewer, its smart Know Your Business (KYB) automation tool that acts as a virtual Data Verification Officer by cross-referencing company documents, government registry reports, and fraud signals against custom, easily configurable rules, helpingto approve, deny, or flag companies more easily. This built-in feature helps reduce what once took compliance teams hours to check to a matter of seconds, making KYB compliance a less complex task in various regulated industries.
Carta Launches CRM with Acquisition of ListAlpha
Carta, the world’s first fully interconnected system for private capital, today announced it has acquired ListAlpha, the AI-powered CRM and relationship intelligence platform. The acquisition marks the launch of Carta CRM, a major expansion of the Carta ERP that further unifies front-to-back office workflows for the private markets.