About Billz
Billz is a company based in Tashkent (Uzbekistan) founded in 2018 by Jahongir Narzullaev, Rustam Khamdamov, and Vadim Zakharyan was acquired by TBC Bank Group in June 2025.. Billz has raised $800 thousand across 3 funding rounds from investors including TBC Bank Group, Quest Ventures and Sturgeon Capital. Billz operates in a competitive market with competitors including Intuit, Visma, Clear, Wave and RELEX, among others.
- Headquarter Tashkent, Uzbekistan
- Founders Jahongir Narzullaev, Rustam Khamdamov, Vadim Zakharyan
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Sectors
RetailTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$800 K (USD)
in 3 rounds
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Latest Funding Round
$650 K (USD), Seed
May 19, 2022
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Investors
TBC Bank Group
& 3 more
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Employee Count
Employee Count
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Acquired by
TBC Bank Group
(Jun 28, 2025)
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Funding Insights of Billz
Billz has successfully raised a total of $800K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $650 thousand completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $650,000
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First Round
First Round
(01 Apr 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Seed - Billz | Valuation | Quest Ventures | |
| Feb, 2022 | Amount | Seed - Billz | Valuation | Sturgeon Capital |
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| Apr, 2020 | Amount | Seed - Billz | Valuation | Sturgeon Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Billz
Billz has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include TBC Bank Group, Quest Ventures and Sturgeon Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are funded by Quest Ventures venture capital firm.
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Founded Year | Domain | Location | |
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Sturgeon Capital is focused on investments in emerging markets.
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Founded Year | Domain | Location | |
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Pin Up Casino is operated as an online gambling platform.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Billz
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Billz
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Billz Comparisons
Competitors of Billz
Billz operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Intuit, Visma, Clear, Wave and RELEX, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financial and accounting software is developed for businesses and individuals.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for business management across segments.
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| domain | founded_year | HQ Location |
Technology-enabled accounting and finance solutions are offered for SMBs.
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| domain | founded_year | HQ Location |
Web-based accounting software is offered for business use.
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| domain | founded_year | HQ Location |
Unified platform for retail and supply chain planning is offered.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payment management is offered for small businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Billz
When was Billz founded?
Billz was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Billz located?
Billz is headquartered in Tashkent, Uzbekistan.
Who is the current CEO of Billz?
Rustam Khamdamov is the current CEO of Billz. They have also founded this company.
Is Billz a funded company?
Billz is a funded company, having raised a total of $800K across 3 funding rounds to date. The company's 1st funding round was a Seed of $150K, raised on Apr 01, 2020.
What does Billz do?
Founded in 2018 and based in Tashkent, Uzbekistan, Billz operates in the SaaS sector, delivering software solutions tailored for retail businesses. Key offerings include goods accounting, client management, loyalty and cashback programs, checkout systems, reports and analytics, marketing tools, and cash management features. These tools support daily retail functions and data-driven decisions in the local market.
Who are Billz's investors?
Billz has 4 investors. Key investors include TBC Bank Group, Quest Ventures, Sturgeon Capital, and Pin Up Casino.
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