TBC Bank Uzbekistan, the nation’s leading mobile-only bank, announced it has secured a $25m in debt financing from BlueOrchard Finance.

This fresh capital marks another strategic step for the bank as it seeks to enhance its digital offerings and deepen financial inclusion in Uzbekistan.

This new influx of capital will be channelled towards expanding TBC UZ’s comprehensive digital ecosystem. Specifically, the funds are earmarked to grow the bank’s loan portfolio and to promote broader financial access across Uzbekistan.

“We are delighted to partner with TBC Bank Uzbekistan and support its important mission of leveraging modern digital banking to help improve lives and promote financial inclusion in Central Asia”, said Philipp Mueller, CEO of BlueOrchard.

Previously, TBC UZ had secured a $10m investment from responsAbility Investments AG.

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