February 13
Introducing: Promising Fintech and E-commerce Startups on the Startup Base Uzbekistan Platform
The platform already features remarkable projects in the social sector and Game Development. Today, we are pleased to present new participants — startups that are driving transformation in the financial technology and e-commerce sectors.
Allow us to introduce Jett, PayLov and Coozin — enterprises that have already secured investments, thereby underscoring the potential of Uzbekistan's IT sector and opening new avenues for growth.
Jett
Jett is the first investment service in Uzbekistan that enables users to open a brokerage account remotely and conveniently invest in shares and bonds of local companies.
Launched in 2022, the service is integrated with the Republican Stock Exchange "Toshkent" and operates 24/7. Jett provides intuitive market analysis tools, including TradingView, to assist investors in making well-informed decisions.
Over 60,000 users have already opened accounts via Jett, investing 3.5 billion UZS into the national economy. Collaborations with 10 brokerage firms allow users to trade through accessible mobile applications, making investment activities more straightforward and inclusive.
The company has successfully raised $250,000.
PayLov
PayLov is a convenient mobile payment and banking service designed to facilitate financial transactions in a simple, swift, and secure manner. Users can effortlessly execute money transfers, pay for services, and manage their finances without unnecessary complexities.
Beyond fundamental payment functions, PayLov offers investment tools, peer-to-peer (P2P) transfer services, and a scoring system that evaluates borrowers' creditworthiness. The company strives to enhance the accessibility and comprehensibility of financial services for all users, creating an ecosystem where capital effectively serves the interests of its clients.
The startup has raised $90,000 from a local angel investor and received an additional $176,000 in direct investments from South Korea. The founders have also contributed personal capital to advance the development of the startup.
Coozin
Coozin is a digital platform aimed at empowering women entrepreneurs by facilitating the sale of homemade food and promoting business development. Through a convenient mobile application, talented chefs can easily connect with customers from local communities and corporate sectors.
Coozin makes business management straightforward and professional by providing:
The startup has already secured $150,000 from the Coca-Cola Foundation and invested $50,000 of its own capital. The company is presently in the process of raising an additional $150,000 to further enhance its platform and extend support to a broader network of entrepreneurs.
The Startup Base Uzbekistan platform continues to play a pivotal role in cultivating the nation's startup ecosystem by bringing together innovative projects, investors, and strategic partners. Through such initiatives, groundbreaking solutions in fintech and e-commerce receive essential support, fostering growth and facilitating international market entry, thereby reinforcing Uzbekistan's standing in the global technological landscape.
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