Technology

Uzum Holding Ltd (“Uzum” or “the Company”) FY2024 Results

Published

1 year ago

February 25, 2025

Net Income up 50% to $150 million driven by significant expansion across ecosystem

More than 40% of Uzbekistan’s population now use Uzum services

TASHKENT, Uzbekistan, Feb. 25, 2025 /PRNewswire/ — Uzum, the leading digital services ecosystem in Uzbekistan, today announces unaudited financial results for twelve months ended December 31, 2024:

Highlights

In 2024, Uzum’s e-commerce and fintech services became more interconnected within the ecosystem. This led to significant growth in both areas, making these services an even bigger part of daily life in Uzbekistan. MAU (monthly active users) across the ecosystem increased by 61% year-on-year in 2024 to nearly 16 million, representing 40% of the country’s population.FY2024 Net Income of $150 million, up 50% year-on-year, in line with the guidance provided in the Q3 / 9M 2024 results press release.

Strong growth in Commerce

FY2024 consolidated GMV (gross merchandise value) totaled $345 million, growing 2.4х year-on-year.Uzum Market continued investing in the development of its logistics infrastructure and seller-focused solutions. Successful launch of the FBS (Fulfilled by Seller) model and the launch of the largest warehousing facility in Central Asia during Q3 enabled the marketplace to further expand its operations.Uzum Tezkor had a total of 2,400+ partner restaurants at the year end, doubling year-on-year. Its geographic coverage area comprises 18 cities, reflecting the growing popularity of the express delivery service as more Uzbek residents rely on its convenience and quality.

Rapid acceleration of FinTech

The FinTech vertical of Uzum became one of the key growth drivers of the entire ecosystem last year.As of 31 December 2024, the Company issued more than 700,000 Uzum Bank-branded Visa debit cards with a revolving credit limit. In Q4 2024, Uzum continued to rapidly roll out the product, following its successful launch in late Q3 2024. Uzum Bank cards will remain a key growth driver for the FinTech vertical in the medium term.FY2024 FinTechs BNPL (Buy Now Pay Later) TFV[1] reached $421 million (2.7х y-o-y). Gross loan portfolio in FY24 showed an extensive growth and more than doubled up to $226 million.

Djasur Djumaev, CEO and Founder of Uzum, said:

“2024 was another year of significant growth for Uzum. We strengthened our position as the clear national leader in our core verticals – Commerce and FinTech. Underpinned by our operational excellence and well-invested infrastructure, we have delivered an outstanding performance, with our total customer base increasing by more than 60% compared to 2023 to nearly 16 million, representing 40% of the total population.

“Our Commerce GMV more than doubled to $345 million supported by continued investment in technology and infrastructure. In our rapidly growing FinTech vertical, unsecured lending increased significantly to $421 million. We will continue to digitalise Uzbekistan’s financial sector by making online financial services more accessible and convenient to people across the country. This was supported by the rapid roll-out of our Uzum Bank-branded debit cards with a revolving credit limit, with more than 700,000 cards issued within only 4 months since the product launch.

“A key goal for 2025 is to continue to roll out the Uzum Bank card business as we aim to issue up to a further five million cards. I am confident that with the capabilities that we have built we are well placed to achieve this ambitious milestone and facilitate access to modern and convenient financial services for millions of people across Uzbekistan.

“We plan to further scale our e-commerce business and develop deeper integration between the various services of our ecosystem, ultimately making a significant contribution to improving people’s lives and driving the country’s digital transformation.”

About Uzum Holding
Uzum is a digital ecosystem and the largest digital platform in Uzbekistan, providing services spanning e-commerce, express delivery, banking and fintech, and business development. The ecosystem includes Uzum Market, an online marketplace with a wide range of products and one-day delivery across the country; Uzum Tezkor, an express delivery service from restaurants and stores; Uzum Bank, a digital bank; Kapitalbank, the country’s largest privately owned bank; Uzum Nasiya, an online unsecured lending service; and Uzum Business, an app for business customers. More than 16 million people in Uzbekistan, or over 40% of the country’s population, use Uzum services every month. Learn more at uzum.com.

[1] Loan disbursements: BNPL (excluding mark-up paid by customer) and cash loans

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Technology

1-800Accountant Launches Tax Savings Services Designed for 1099 Workers

Published

39 minutes ago

April 22, 2026

New offering helps independent contractors structure their business to reduce their tax burden from day one

NEW YORK, April 22, 2026 /PRNewswire/ — 1-800Accountant, the nation’s leading virtual accounting firm for small businesses, announced the launch of a new service offering built specifically for 1099 workers and independent contractors. The service helps freelancers and self-employed professionals work with an accountant to select the right business setup for their income, with a focus on reducing taxes from the start.

Growth Is Outpacing Tax Readiness

Independent contractor work has grown significantly in recent years. 1-800Accountant’s client data shows sharp year-over-year growth across contractor-heavy industries, with Consulting up 17%, Construction up 10%, and Service-sector clients growing more than 200% compared to 2024. Despite this growth, many contractors continue to overpay their taxes because they operate without a formal business structure in place or the right tax election.

The gap is particularly visible in industries like Healthcare, Engineering, and Legal, where LLC adoption among 1-800Accountant clients sits at 81%, 72%, and 71%, respectively, well below the 90%-plus rates seen in higher-adoption industries like Construction and Real Estate. 1-800Accountant’s new business tax optimization service closes that gap by matching contractors with the right business type while ensuring their business is set up correctly before they file their first return.

“Independent contractors continue to be one of the fastest-growing segments of the American workforce, and they are also among the most underserved when it comes to strategic tax planning,” said Mike Savage, Founder and CEO of 1-800Accountant. “That lack of planning means that most 1099 workers don’t realize how much they’re leaving on the table. This service changes that. We’re giving contractors access to the same strategic advantages that established businesses have, ensuring the right business setup from the beginning.”

Tax Strategy Built In from Day One

These services walk clients through a structured process that includes accountant-recommended business types, registering with the appropriate state agencies, and coordinating with an accountant to ensure alignment between the structure and the client’s specific tax situation. 1-800Accountant integrates business setup for 1099 earners into a broader tax strategy tailored around each contractor’s income level, filing status, and long-term goals.

“What sets us apart is the tax strategy layer,” said Ryan Teeples, Chief of Strategy at 1-800Accountant. “What contractors and gig workers actually need are professionals to help them understand which tax setup makes the most sense for their income, their industry, and where they want their business to go. Then, we do the work to save on both their business and personal taxes. That’s what we’re delivering here.”

The service is available now to new and existing 1-800Accountant clients. Pricing starts at $19 per month (plus any government filing fees) and includes business setup evaluation, tax return preparation and filing, state registration, federal registration, simple-to-use AI bookkeeping software, and a consultation with a tax expert for onboarding and explanation of their individual tax situation.

About 1-800Accountant

1-800Accountant is the nation’s leading virtual accounting firm for small businesses and independent contractors. With a team of credentialed accountants and tax professionals, 1-800Accountant provides bookkeeping, tax preparation, tax planning, and advisory services to clients across all 50 states. The firm is committed to making professional accounting accessible and affordable for business owners at every stage.

Contact: Wyatt Johnson
Content Manager, 1-800Accountant
920-807-9159 | media@1800accountant.com

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SOURCE 1-800Accountant

Technology

9fin launches in APAC to expand global credit coverage

Published

39 minutes ago

April 22, 2026

With APAC playing a bigger role in increasingly complex global credit markets, 9fin brings the news, data and AI tools professionals need to navigate volatility

HONG KONG, April 22, 2026 /PRNewswire/ — 9fin, the AI-native information platform for global debt markets, has formally launched in the Asia Pacific region, giving credit professionals access to cutting-edge news, data and analysis across private and public bonds and loans.

As the 9fin team continues to grow quickly across APAC from its initial base in Hong Kong, it is supporting firms locally by providing proprietary credit intelligence, comprehensive data, and AI-powered workflow tools, all within one unified platform.

The launch comes as the tussle between public and private markets intensifies in APAC, making it more important than ever for banks, asset managers, advisors, and law firms to have visibility across the full credit landscape. While bond issuance has dropped amid geopolitical disruption, private credit activity remains robust as borrowers seek alternative financing options.

By combining deal intelligence from local sources with its extensive global credit database and AI tools, the 9fin platform gives users a comprehensive view across fragmented markets. The APAC platform includes coverage of more than 1,800 issuers and 16,000 instruments, with issuance history dating back to 2003 following 9fin’s acquisition of Bond Radar, in March 2025.

9fin is already used by more than 300 institutions globally, including KKR, Apollo, BNP Paribas, and Kirkland & Ellis. The company’s APAC buildout — supported by its $170 million Series C fundraise in March 2026 — marks the next phase of its global expansion.

Steven Hunter, CEO and co-founder at 9fin, commented: “APAC is a complex region and is becoming even more so as private markets expand and geopolitical volatility increases. The region needs a faster, smarter platform covering the full picture across bonds, loans, private credit and distressed. That’s exactly what 9fin provides. With our full platform now live in APAC, we’re giving our users the clarity to make informed decisions, faster.”

9fin’s APAC launch follows its expansion across the US, Europe, and Latin America, with CEEMEA to follow.

About 9fin

9fin is the AI-native platform for global debt markets. Founded by former J.P. Morgan banker Steven Hunter and Deutsche Bank engineer Hussam EL-Sheikh, the company combines data, analytics, and AI-powered workflows in a single platform, helping clients work smarter and faster to outperform their peers.

The company is headquartered in London, with offices in New York, Hong Kong, and Belfast and with teams across Latin America and Asia. For more information, visit 9fin.com.

Media contacts
Jessica Simpkin
jessica.simpkin@9fin.com
Shree Dhond/Katie Nerantzis
Dukas Linden Public Relations | 9fin@dlpr.com

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Technology

Trimble First Quarter Earnings Call and Webcast

Published

39 minutes ago

April 22, 2026

WESTMINSTER, Colo., April 22, 2026 /PRNewswire/ — Trimble (Nasdaq: TRMB) will hold a conference call on Wednesday, May 6, 2026 at 8 a.m. ET to review its first quarter 2026 results. The call will be broadcast live on the web at https://events.q4inc.com/attendee/544327873. Analysts who wish to dial into the call may do so by first registering at https://events.q4inc.com/analyst/544327873?pwd=s5ilhwSm. Upon registration, dial-in details will be sent via email to the registrant.

About Trimble

Trimble is a global technology company that connects the physical and digital worlds, transforming the ways work gets done. With relentless innovation in precise positioning, modeling and data analytics, Trimble enables essential industries including construction, geospatial and transportation. Whether it is helping customers build and maintain infrastructure, design and construct buildings, optimize global supply chains or map the world, Trimble is at the forefront, driving productivity and progress. For more information about Trimble (Nasdaq: TRMB), visit: www.trimble.com.

FTRMB

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SOURCE Trimble