Paynet unit invests 17.2B soums to take control of GOINVEST

What's the deal? FurtherITDealroom has a profile for this one. Try Dealroom →, a subsidiary of Uzbek payment service provider PaynetDealroom has a profile for this one. Try Dealroom →, is investing 17.2 billion soums in investment platform GOINVESTDealroom has a profile for this one. Try Dealroom →. It has acquired a 33.14% stake in the first stage and plans to raise its holding to 51%.

What's the endgame? PaynetDealroom has a profile for this one. Try Dealroom → wants to build out its investment services by pairing its fintech infrastructure and user base with the capital market technology and expertise of GOINVEST and KAP DEPODealroom has a profile for this one. Try Dealroom →. The partners plan to widen digital access to Uzbekistan's capital market, launch new investment products, and expand remote brokerage.

What changes for customers? A key focus is giving Uzbek investors access to international markets, including US stocks. The companies also plan to let users top up brokerage accounts via electronic wallets and to embed GOINVEST's services directly into the Paynet ecosystem.

Farrukh Khodjaev, founder of GOINVEST and chief executive officer of KAP DEPO, called the deal "an important milestone for the company's growth." PwCDealroom has a profile for this one. Try Dealroom → provided legal and advisory support for the transaction.

The signal: The tie-up reflects fintechs moving beyond payments into brokerage as they seek to monetise large user bases. For Uzbekistan, it points to deeper integration between digital wallets and capital markets — and a push to bring retail investors to both local and foreign stocks.

Read more: UzDaily.uz

Image credit: ehnmark