Quest Ventures leads Uzbekistan SaaS firm’s $650k raise

Tech In Asia

Uzbekistan-based Billz, a retail business management software, has raised US$650,000 in a funding round led by Quest Ventures. Sturgeon Capital also returned after making a US$150,000 investment in an earlier round.

This will fund the firm’s expansion plans within the Commonwealth of Independent States as it grows its development team and marketing efforts.

Billz provides point of sale, inventory management, customer relationship management, ecommerce, and analytics services with SMEs as its target users. It also links to social media platforms’ marketplaces.

Billz was founded in 2017 by Rustam Khamdamov, Jakhongir Narzullaev, and Vadim Zakharyan. The company said that it has 800 retail locations across Uzbekistan, Kazakhstan, Kyrgyzstan, and Tajikistan.


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AIFC participant «BILLZ» raised $650,000 with support of VentureRocket Eurasia