At the Silk Road Finance & Technology Forum, IT Park Ventures announced its investment in DOMO, an Uzbek startup developing utility payment solutions.
DOMO consolidates utility payments into a single digital ecosystem. Users can pay utility bills, track consumption and expenses, manage multiple properties, and set up automated payments. The product also features consumption analytics and expense management tools.
To date, DOMO has over 2.3 million registered users. The service records 1.5 million monthly active users (MAU) and nearly 700,000 daily active users (DAU).
The raised funds will be channeled toward further product development and business scaling, including geographical expansion, growing the sales and partnership network, strengthening marketing and the team, and upgrading IT infrastructure.
“We highly value DOMO’s strong technological foundation and scalability potential. The team is actively developing the HomeTech sector—a promising field with immense opportunities for creating impactful solutions. We believe in the team and hope our partnership will empower them to advance even more confidently,” said Dalerkhon Nodirov, Director of IT Park Ventures.
“DOMO simplifies the utility payment process for thousands of families every day. Partnering with IT Park Ventures enables us to make our service faster, more convenient, and accessible to a broader audience. This investment brings new opportunities alongside greater responsibility,” shared Alisher Tojiyev, Founder of DOMO.
This deal represents another practical milestone in IT Park Ventures’ investment initiatives and its ongoing commitment to supporting technology startups in Uzbekistan.
