TBC Bank secures $12.5m, from Triple Jump to boost SME lending

By Vriti Gothi

TBC Bank, Uzbekistan (TBC UZ), a digital bank, secured $12.5 million in funding from Dutch investor Triple Jump.

The investment will help the expansion of TBC UZ’s SME Lending product, further driving financial inclusion and digital transformation in Uzbekistan.

This capital injection comprises $5 million from the Global Gender-Smart Fund (GGSF), a vehicle managed by Triple Jump focused on empowering women entrepreneurs, and $7.5 million from the ASN Microkredietpool Fund, which promotes access to responsible financial services across emerging markets.

As Uzbekistan continues its transition into a modern digital economy, TBC UZ is leveraging its FinTech ecosystem to close financial access gaps. This latest investment will support the rollout of its SME lending solutions, with a focus on historically underserved segments, particularly women-led and women-owned businesses.

The funding aligns with TBC UZ’s mission to deliver customer-centric, digitally enabled banking experiences that are inclusive, scalable, and compliant with global best practices.

This latest agreement deepens a longstanding partnership between the two institutions and builds on Triple Jump’s initial $10 million investment in November 2024. With this new tranche, Triple Jump’s total commitment to TBC UZ now reaches $22.5 million.

The new financing follows a $20 million debt facility from Swiss impact investor BlueOrchard in April 2025, bringing TBC UZ’s total external funding raised this year to $45 million. These investments play a critical role in the bank’s long-term strategy to secure sustainable, diversified wholesale funding, enabling consistent growth and innovation.

With over 19.7 million registered users and a record-fast path to profitability within two years of launch, TBC Uzbekistan continues to lead the region’s fintech revolution.

Nika Kurdiani, CEO of TBC Uzbekistan, said, “We are thrilled to extend our collaboration with Triple Jump, a trusted partner in our mission to reshape financial access in Uzbekistan. This financing supports our strategy to broaden our funding base while enhancing our SME lending portfolio, a key growth vertical for us. Our shared commitment to financial inclusion, gender equity, and innovation will help unlock new opportunities for entrepreneurs across the country.”

Jarri Jung, Director of Financial Institutions at Triple Jump, said, “TBC Uzbekistan is setting new standards in digital banking for emerging markets. We are proud to support their efforts to provide equitable access to digital financial services and believe this investment will further expand their impact among women entrepreneurs and SMEs, key engines of economic growth in Uzbekistan.”