Top 5 Startup Investors in Tajikistan (May 2026)

Portfolio highlights

• zypl.ai — zypl.ai applies 'no data' AI at scale to advance financial inclusion in emerging and frontier markets. Our SaaS solution enables banks and microfinance organizations to instantly and accurate underwrite loans, both offline and digitally, to consumers with limited or no credit history.zypl's proprietary approach includes training AImodels on synthetically generated data with simulation of 'black swan' conditions, providing stable and adaptable SaaS in spite of macro volatility in developing markets. Apart from analyzing traditional variables such as social, demographic, and professional background of clients, our SaaS reviews device metadata, psychometrics, web trace, and macroeconomic factors to arrive at credit decisions.In the process, we fully customize AI models to risk appetite of each individual enterprise partner with the goal of reflecting their competitive market advantages. Additionally, we offer complete flexibility on mode of integration through either cloud or on-premise deployment based on enterprise preference. We only deploy explainable AI models with embedded 'weight-of-evidence' interpretation of each decision made by the software, complying with emerging regulatory requirements on credit scoring.Having launched our beta last year, we have scaled presence to 10 enterprise clients in 4 markets across Central Asia. In this time, we have underwritten >$9 million in consumer and small business (services, trade, agriculture) loans to over 12 thousand consumers with staggeringly low 0.7% portfolio-at-risk rate. Since booking first revenue earlier this year, we have surpassed 25% compounded monthly growth rate and reached financial break-even this month.As a complement to credit scoring, our product team has ventured into churn prediction in telecom sector through partnerships with 3 leading telcos in Central Asia. Our rapid product iteration and development is a result of an AI Academy that we have launched to nurture talent internally.zypl.ai was ideated at Stanford University's Startup Garage and recently completed the Silkway Accelerator by Google for Startups and Astana Hub. Our startup was launched with a grant from the Islamic Development Bank as part of the Transform Fund. With our pre-seed capital raise, we plan on globalizing our AI SaaS solution by expanding to new markets in MENA, Southeast Asia, and Eastern Europe.
• AwanTunai — AwanTunai seek to reinforce Indonesian needs and productivity by providing digital loan for a better financial freedom and capability to micro-entrepreneurs
• IMAN — One-stop shop for Halal investing

Portfolio highlights

• Alif — Alif was founded in 2014 by Abdullo Kurbanov, Zuhursho Rahmatulloev, and Firdavs Mirzoev shortly after their return to Tajikistan after years of educational and professional activities abroad. Over the past five years, the company has developed into one of the leading fintech companies in the country, offering its clients a system of technologicaland financial solutions. Alif is the market leader in POS (Point-of-Sale) financing with its installment cards and overdrafts without commission. It is also the largest online B2C platform (alif.shop), the most widely used mobile wallet (alif.mobi) in the country, and an exclusive integrator with the country's largest advertisement website.These services are supported by several internal development programs: core banking, customer relationship management (CRM), mobile wallet, card processing, and an HR and recruitment system developed by Alif's team of more than 50 software engineers.Building on strengths, Alif also goes international by opening its first office in Uzbekistan. As an objective of the company, Alif is also focusing on making remittances cheaper and faster in Tajikistan and beyond.

Portfolio highlights

• Voltalia — The Investor Relations website contains information about Voltalia's business for stockholders, potential investors, and financial analysts.
• Masdar Capital — Masdar Capital is developing & deploying commercial-scale renewable energy projects.
• TBC Bank Uzbekistan — The first next-generation greenfield digital bank in Uzbekistan, established by TBC Group - FTSE 250 constituent financial services group

Portfolio highlights

• ACWA Power — ACWA Power is a developer, investor, co-owner and operator of a portfolio of power generation, renewable energy and desalinated water production plants.
• IMON International — “IMON is one of the leading microfinance institutions (MFIs) in the region, and this investment provides an ideal opportunity for the Bank to support its transformation into a specialised bank,” said Ulf Hindstrom, Head of the EBRD’s Resident Office in Dushanbe. “IMON has already received a deposit-taking licence and is working towards becoming adedicated microfinance bank, able to offer banking services in a severely under-serviced market.”
• Qatar National Bank Alahli — Qatar National Bank Alahli is one of the leading financial institutions in Egypt established in April 1978 and ranked as the second-largest private bank in Egypt. Qatar National Bank Alahli provides its services for more than 1,284,417 clients served by 6,723 banking professionals with a network of 231 branches, along with 861 ATMs & 64,147Point-of-Sale to serve clients nationwide. Further, a distinctive Call center operates round the clock 7 days a week. Qatar National Bank Alahli provides dedicated products in corporate banking, financial advisory, project financing, structured financing, trade financing, cash management, and foreign exchange with its competitive offerings, it has managed to establish a strong bond with its various corporate clientele whether large domestic corporations, subsidiaries of multinational companies, medium caps, as well as SMEs.

Portfolio highlights

• GoRamp — GoRamp offers top-tier software solutions for shippers to make proactive decisions while sourcing, monitoring & analysing transportation management
• Spenfi — Explore the best tool for efficient company finance management. Learn how to optimize your financial processes and make informed decisions.
• Outfindo — Making bikes & e-bikes buying easy