IT Park Ventures announced an investment of $100,000 USD in DOMO, an Uzbek digital platform for managing and processing utility payments. This information was shared in the company's statements at the Silk Road Finance and Technology Forum held in Tashkent.
The DOMO platform consolidates all utility payments into a single digital space. Users can pay bills, track consumption and expenses, manage multiple properties, and set up automatic recurring payments. Furthermore, the service provides analytics tools to monitor resource usage and manage costs.
According to the company, DOMO has already attracted over 2.3 million users. The platform's active audience includes 1.5 million monthly users and approximately 700,000 daily users.
The investment capital is planned to be used for product development and business scaling. Specific allocation areas include geographical expansion, sales growth, expanding the partner network, marketing campaigns, increasing staff, and improving IT infrastructure.
Comments from Deal Participants
Dalerxon Nodirov, Director of IT Park Ventures, emphasized DOMO's technological foundation and its potential for expansion into new sectors. Nodirov noted that the fund highly values DOMO's technical basis and scalability, adding that the team is expanding into the HomeTech segment.
Alisher Tozhiev, founder of DOMO, stated that cooperation with IT Park Ventures will allow the platform to increase the speed, convenience, and accessibility of services for a wider user base while increasing operational responsibilities.
IT Park Ventures also noted that this financial transaction is part of its investment strategy aimed at technology startups in Uzbekistan.