Paynet launches its own venture capital company

One of the major players in Uzbekistan's fintech market, Paynet JSC, is officially entering the venture capital sector. The company has established a new subsidiary, Paynet Venture Vectors LLC, with 100% ownership.

About the company:
Authorized capital: 1 billion UZS.
Head of Company: Sarvar Tulaganov (previously served as the Head of the Financial Planning and Analysis Department at Paynet).

CEA (OKED) code 64990 — other financial services. As the name suggests, the entity will focus on venture capital investments.

With the addition of this new structure, the number of subsidiaries under Paynet's ownership has reached 4.

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