The acquisition, which includes the option to increase TBC’s stake to 60% over the next two years, values BILLZ at approximately $20 million. BILLZ provides comprehensive software-as-a-service solutions for retailers, including point-of-sale systems, inventory management, CRM tools, e-commerce integration, analytics, and marketing automation. The platform currently serves over 4,000 retail businesses, processing more than 1.5 million transactions each month.

TBC Bank’s entry into Uzbekistan’s fintech scene is not new. It already operates TBC UZ, a digital bank launched in 2020, and Payme, a leading digital payments platform. However, the BILLZ deal is different in that it focuses on merchant-facing SaaS solutions, marking a critical extension of its ecosystem to the SME segment—one of the fastest-growing sectors in Uzbekistan’s economy.

According to TBC Bank, the integration of BILLZ into its ecosystem will allow SMEs on the platform to seamlessly access banking and financial services, such as digital payments, loans, and working capital. This move is expected to boost financial inclusion and accelerate the digitalization of small businesses across the country.

“This acquisition is a natural extension of our ecosystem strategy,” said Vakhtang Butskhrikidze, CEO of TBC Bank Group. “BILLZ is an innovative, fast-growing company that shares our vision of supporting SME growth through technology. Together, we can create a powerful synergy that benefits thousands of entrepreneurs in Uzbekistan.”

For BILLZ, the partnership offers both scale and credibility. With TBC’s backing, the platform aims to enhance its tech stack, reach more merchants, and offer more integrated financial products. TBC has also expressed plans to support BILLZ in regional expansion efforts, potentially replicating the model in other Central Asian markets.

Uzbekistan has been rapidly modernizing its financial infrastructure, with a strong push from the government to attract foreign investment, improve SME access to finance, and embrace fintech solutions. TBC’s latest move reflects the increasing convergence of banking and technology, and showcases how traditional financial institutions are evolving into multi-platform, tech-enabled ecosystems.