Payment service Paynet, through its subsidiary, has acquired a 33.14% stake in the stock trading platform GoInvest. The deal gives the fintech direct access to Uzbekistan’s retail investment market.
What happened
Paynet’s subsidiary, FurtherIT, has entered the capital of the GoInvest investment platform. According to the Uzbekistan business register on August 15, FurtherIT received a 33.14% stake. This was reported by Vaqt.uz, citing registry data and specialized Telegram channels.
The deal amount was not disclosed.
As a result of the purchase, the Paynet structure became the largest founder of the service, though it has not yet received a controlling stake (over 50%). The remaining shares are distributed between the brokerage company KAPITAL-DEPOZIT (29%) and three individuals (37.86%).
Shortly before the deal, on July 22, GoInvest underwent re-registration, and the company’s authorized capital was increased from 1 billion to 14.2 billion soums.
Country and market
GoInvest is one of the few mobile apps in Uzbekistan that allows individuals to trade shares on the local stock market. The platform works in conjunction with KAPITAL-DEPOZIT, which acts as a licensed broker.
For Paynet, this is a consistent business expansion. Finteqstan previously wrote that the service launched a cashback program for verified users, stimulating daily activity. In early 2025, Paynet also acquired the national payment system Humo for $65 million.
Why it matters
Integrating investment products into payment apps is a classic fintech development path. Paynet has a massive user base accustomed to paying for basic services through the app.
The largest players have exhausted the potential for extensive growth on simple transfers and are starting to embed complex tools to monetize their accumulated audience.
What’s next
The main question is exactly how Paynet will integrate GoInvest’s functionality. If stock trading appears directly inside the main Paynet app, it could multiply the number of retail investors on Uzbekistan’s stock market, which historically suffers from a lack of liquidity and retail demand.
