Fintech PR
Uzum Market ranked as most downloaded local app in Uzbekistan
TASHKENT, Uzbekistan, Feb. 1, 2024 /PRNewswire/ — Uzum Market ranked as the most popular local app in Uzbekistan in 2023, with over 13.5 million cumulative downloads registered over the last year. The national e-commerce champion has become a successful competitor to messenger and social media apps in Uzbekistan, the fastest-growing e-commerce market in Central Asia.
According to Uzum’s internal data and confirmed by statistics from mobile analytics services and app stores, the Uzum Market app was the most popular locally-based mobile app and the most popular e-commerce app in the country in 2023. The number of cumulative downloads is now broadly comparable with those recorded by the two app market leaders, Telegram and Instagram.
The app’s popularity reflects the rapid growth in demand for online shopping in Uzbekistan. In August 2023, the global professional services network KPMG estimated that the e-commerce market in Uzbekistan expanded more than fivefold over the past five years and was set to grow sevenfold to USD 2.2 billion between 2022 and 2027. This trend has been supported by government initiatives in the IT and digital spheres, the steady increase in the number of internet users, and the emergence of major national players like Uzum Market – the only marketplace in the country boasting its own fintech solutions and logistics infrastructure.
Vyacheslav Karpov, CEO of Research Group Central Asia (RGCA), commented:
“Over the last year, Uzum Market exhibited strong growth in terms of key user engagement metrics, backed by a steady increase in the adoption of online shopping across the country. Our research found that eight out of 10 residents in the country are now familiar with the Uzum Market brand, while half of respondents have already placed at least one order via Uzum’s e-commerce platform.”
Djasur Djumaev, co-founder and CEO of Uzum, noted:
“In only one year, our team has succeeded in building an ecosystem of fintech and e-commerce services with more than 10 million monthly active users. The Uzum Market app serves as the key entry point into the Uzum ecosystem, which is transforming into a superapp. After placing an order, Market customers can apply for installment payment services provided by Uzum Nasiya with just one click – currently, almost half of the orders processed by the marketplace are paid via Uzum’s own installment payment service. Meanwhile, residents of Tashkent, Andijan and Fergana already have access to our online food delivery service, Uzum Tezkor. We aim to provide a wholly new customer experience by offering best-in-class digital services tailored to the needs of local consumers, all in one single place.”
Nikolay Seleznev, Chief Strategy and Business Development Officer at Uzum, said:
“The mobile app market in Uzbekistan exhibits a strong growth profile in line with the overall digitalization of the country. According to a study by Sensor Tower, the number of app downloads in Uzbekistan is expected to double between 2022 and 2027 and reach 1.8 billion annually, making Uzbekistan a leading app market in Central Asia. Given its scale and unmatched logistics infrastructure, Uzum Market has become a household name for e-commerce in the country, driving the digital transformation of the retail and banking industry. We are implementing convenient payment methods through financial services embedded in the Uzum Market app, offering new services that are changing consumer habits, and working to transform banking and fintech in Uzbekistan.”
About
Research Group Central Asia (RGCA) was established in early 2022 as an agency providing a full range of consumer research services. RGCA primarily consists of experts with extensive experience in conducting research projects. The company conducts a full spectrum of quantitative and qualitative research and is an officially accredited agency of the international operator IPSOS.
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 private bank; Uzum Nasiya, an installment payment service; and Uzum Business, an app for business customers. More than 10 million people in Uzbekistan, or nearly one-third of the country’s population, use Uzum services every month. Learn more at uzum.com.
For additional information please contact: [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/uzum-market-ranked-as-most-downloaded-local-app-in-uzbekistan-302049656.html
Global consultancy strengthens its European leadership team as part of ongoing growth strategy
LONDON, Nov. 26, 2024 /PRNewswire/ — Blue Ridge Partners is pleased to announce the promotion of Nick Walmsley to Managing Director, strengthening its European leadership team and commitment to client growth across the region.
Nick Walmsley, who joined Blue Ridge Partners in 2017, brings over 20 years of experience in growth strategy and investing. Throughout his tenure with the firm, Nick has consistently delivered exceptional results for clients, and his appointment to Managing Director reflects his dedication and impact. Prior to joining Blue Ridge Partners, Nick was founder and partner of a $500M AUM investment firm involved in over 200 transactions across Europe, North America, and Asia-Pacific. He began his career at Bain & Company, where he served in the private equity practice in both London and San Francisco.
“Nick has been an invaluable member of our team over the past seven years, demonstrating his ability to create value for our clients and our firm,” said Jim Corey, CEO of Blue Ridge Partners. “With his unique blend of consulting, operational, and investment management experience, Nick is exceptionally well-prepared to serve our clients as Managing Director.”
Blue Ridge Partners is delighted to have Nick step into this new role, further enhancing its capabilities to drive client success across Europe.
About Blue Ridge Partners:
Blue Ridge Partners is a global management consulting firm exclusively focused on helping companies accelerate profitable revenue growth. We have worked with more than 1,300 companies to improve their strategic understanding of markets and customers, deepen and expand their customer relationships, and enhance marketing and sales performance.
Our clients include over 130 private equity firms and their portfolio companies – supporting them during deal evaluation, due diligence, and post-acquisition. We have a reputation for helping companies grow faster by rolling up our sleeves, working collaboratively, and delivering measurable impact quickly and more efficiently than large consultancies.
For further information please contact us at [email protected] or visit us at www.blueridgepartners.com.
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Diane Lansard, further expands Premialab’s marketing footprint bringing in her extensive banking and asset management expertise to the fintech dedicated to quantitative investment strategies.
LONDON, Nov. 26, 2024 /PRNewswire/ — Premialab announces the appointment of Diane Lansard, as Head of Marketing. Based in London, Ms. Lansard will lead the marketing strategy of the leading independent platform dedicated to quantitative strategies. Before joining PremiaLab, Ms. Lansard served a wide range of institutional clients in buy-and sell-side leadership roles at BNP Paribas, AXA, Bloomberg, and M&G Investments.
Ms. Lansard has over 15 years’ experience in banking, asset management and fintech solutions. She will be responsible to execute and scale Premialab’s marketing initiatives, providing data and analytics solutions to asset managers, pension funds, insurance companies and sovereign wealth funds globally.
Adrien Geliot, CEO of Premialab, said: “We are thrilled to welcome Diane to our team as we continue to scale our presence globally. Her extensive experience in finance and innovative approach to marketing, will play a pivotal role in driving our growth efforts. Diane’s expertise will further strengthen our position as a leader in data and analytics for institutional investors.”
The announcement follows recent senior appointments at Premialab including John Macpherson, former Managing Director at Goldman Sachs, Citibank, and Nomura; Marc Fisher, former Managing Director at Citibank with a prior position at Deutsche Bank; and Georgios Sittas, former Managing Director at HSBC, Standard Chartered, and previously a director at Lehman Brothers.
Recognized as the leading independent platform for data and analytics on quantitative strategies, Premialab’s capital markets infrastructure is currently used by leading institutional investors, accelerating their digitalization and enhancing performance and risk control while reducing costs. The Platform is already providing data to institutional clients representing over $20 Trillion of assets under management.
Notes to Editors
About PremiaLab
Premialabis the leading independent platform providing data, analytics and risk solutions on quantitative and multi-asset strategies in collaboration with leading investment banks and institutional investors globally. Combining intelligent technology with a unique source of information the platform empowers asset allocators to make better investment decisions whilst achieving utmost time and cost efficiency.
With offices in London, Paris, New York, Hong Kong, Sydney, and Dubai, its international team is dedicated to supporting a global client base with the most up-to-date QIS dataset, advanced portfolio construction, performance and risk analytics. The firm has established strong partnerships with the top 18 investments banks, global asset managers, pensions funds and insurance companies.
For more information please visit: www.premialab.com
View original content:https://www.prnewswire.co.uk/news-releases/bnp-paribas-axa-and-bloombergs-former-executive-joins-fintech-premialab-302315533.html
Fintech PR
Paratus Increases Full-Year 2024 Earnings Guidance and Provides Update on Operations in Mexico
HAMILTON, Bermuda, Nov. 26, 2024 /PRNewswire/ — Paratus Energy Services Ltd. (Oslo: PLSV) (“Paratus” or the “Company”) announces an upward revision of its full-year 2024 EBITDA guidance and provides commentary on the Company’s rig operations in Mexico, operated through its wholly-owned subsidiary Fontis Holdings Ltd. (“Fontis”).
Following strong operational execution year-to-date, Paratus is raising its full-year 2024 EBITDA guidance to $250-260 million, representing a mid-point increase of $25 million from the previous guidance range of $220-240 million. Further details will be provided on the quarterly earnings call on November 29, 2024.
Paratus has noted recent reports regarding a potential temporary reduction in rig activity in Mexico, and consequently the Company wishes to provide an update as well as clarify the potential financial impact to the Company of such dynamics. The contracts for all of Fontis’ jack-ups with the client permit activity to be temporarily ceased for up to 45 days during the contract term, without revenue being generated during such period. However, any deferred days will extend the contract duration accordingly. Fontis has received notification from its client that the Courageous will temporarily cease operations for 45 days due to delays in the client’s preparatory activities at its next location. Operations at the Courageous’ current location is expected to be completed in early December 2024, upon which the rig will remain in standby at its location. The estimated EBITDA impact of a 45-day deferral through the end of the firm contract period is expected to be approximately $3 million.
Paratus has accommodated and priced such flexibility into its contracts in Mexico to allow its client to execute its operations more efficiently. The Company remains highly focused on supporting its client and continuing to strengthen the long-standing relationship it has had for over a decade, and the Company has taken note of the public comments the client has recently provided about its future plans for operations and payments to its suppliers.
This announcement contains information considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. The announcement was published by Baton Haxhimehmedi, CFO of Paratus, on the time and date set out above.
For further information, please contact:
Baton Haxhimehmedi, CFO
[email protected]
+47 406 39 083
This information was brought to you by Cision http://news.cision.com
View original content:https://www.prnewswire.co.uk/news-releases/paratus-increases-full-year-2024-earnings-guidance-and-provides-update-on-operations-in-mexico-302316267.html
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