“We invested $200,000 of our own money.” How a startup from Uzbekistan secured $12 million from a major bank
Rustam Khamdamov, Vadim Zakharyan and Dzhakhongir Narzulloev from Tashkent were building their careers in a telecom company when they saw potential in creating an IT platform for retail stores. That moment led the colleagues to launch the startup BILLZ. Today, the company has 5,000 clients in Uzbekistan, Kazakhstan, Tajikistan and Kyrgyzstan. And this year, BILLZ closed a deal with the Georgian bank TBC. For $12 million, the startup sold a controlling stake and transformed from a local player into part of a major banking ecosystem.
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