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Uzbekistan’s mobile bank TBC bags $37M to expand with new AI and insurance products

Uzbekistan's mobile-exclusive bank, TBC Bank Uzbekistan, has raised $37 million to bolster its footprint in the Central Asian nation.

The fresh investment, made by the bank’s London-based parent TBC Group, comes just five months after it raised $38.5 million in July. In the last few months, TBC Uzbekistan also started building its proprietary AI solutions, including agents to handle payment reminder calls for customers taking loans. Similarly, the mobile bank will enhance its Salom debit card with new benefits and offerings to attract more customers.

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