Venture arm of Semurg Holding
We build and scale the financial infrastructure of Uzbekistan.
We build and scale FinTech, InsurTech, AgroTech and enterprise software in Uzbekistan — founded in-house, capitalised from the holding, and run as product businesses rather than passive positions.
- Built in-house
- Shared payment & insurance rails
- Distribution from day one
The portfolio
Products, not positions
Multibank2022 →FinTech / Banking
A digital banking ecosystem for small and mid-sized businesses.
2023 →FinTech / InvestTech
Retail investing on the Uzbekistan Stock Exchange, from a phone.
2023 →FinTech / Payments
Contactless QR payments and tipping for HoReCa and retail.
2022 →FinTech / Cards
A smart consumer card with overdraft, BNPL and cashback.
2026 →Enterprise / AI
Enterprise Intelligence Operating System.
2026 →B2B SaaS
Cloud project and task management for teams.
2026 →FinTech / Wallet
A consumer wallet aligned with ethical finance principles.
2026 →FinTech / CFO-tech
A subscription CFO service for small and mid-sized business.
2021 →AgroTech / Export
Full-cycle export services for farms and exporters.
2026 →InsurTech / Assistance
Round-the-clock emergency assistance, in one app.
2019 — 2024
Track record
Before the fintech portfolio, the team delivered digital and physical infrastructure for Uzbekistan’s agriculture and phytosanitary system — from mobile laboratories to national data platforms.
Where we invest
Investment thesis
FinTech
Payments, cards, wallets and retail investing — infrastructure for a young, mobile-first population.
InsurTech
Automated underwriting, digital distribution and risk analytics, backed by the holding’s insurance arm.
AgroTech
Digitalising agricultural supply chains and export services in a sector that still runs on paper.
B2B SaaS
Cloud enterprise tools, EDI and automated accounting for small and mid-sized businesses.
01
Build, don’t bet
Companies are founded inside the venture arm with product, engineering and go-to-market teams assembled by us.
02
One shared stack
Payments, KYC, insurance and assistance rails are reused across the portfolio, so each new product launches faster than the last.
03
Distribution first
The holding’s insurance, leasing and agency networks give every product an installed base from day one.
Let’s buildthe next one
Tashkent, Uzbekistan · Semurg Ventures. Audited figures and company decks on request.