BILLZ startup raised $500,000 in investment to expand into Central Asia

BILLZ, a leading startup in retail automation and providing financing services to small and medium-sized businesses in Central Asia, has successfully raised $500,000 at the Pre-Series A stage, with a company valuation of $10 million.

The funding round was led by FinQ, a Kazakhstani leader in digital factoring, as well as prominent venture capital funds Activat VC from Kazakhstan and Aloqa VC from Uzbekistan, underscoring investor confidence in the startup.

BILLZ offers a comprehensive solution for retail automation, covering inventory management, personnel management, and financials, as well as providing analytics, CRM, training tools, integrations with marketplaces, and other applications. The solution helps stores save up to 40% of their time and increase sales by up to 30%.

Thanks to the platform, stores can also receive financing of up to $120,000 without collateral, simplifying their growth and development.

To date, more than 3,000 stores in Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, Georgia, and Azerbaijan are using BILLZ solutions. Among the brands that work with BILLZ are LO’ccitane, Tommy Hilfiger, Levi’s, Button, Garmin, Rieker, and others.