Anorbank
Anorbank is a privately-held digital bank headquartered in Tashkent, Uzbekistan, founded in 2020 as the country's first domestic branchless bank, serving 4+ million mobile app users across retail, SME, microenterprise, and high-net-worth segments through its mobile app, internet banking, and contact center, with assets exceeding 7 trillion UZS.
- Company typePrivate
- Founded2020
- HeadquartersTashkent, Uzbekistan
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Anorbank does
Anorbank is a privately-held joint-stock commercial bank headquartered in Tashkent, Uzbekistan, founded in 2020 as the country's first domestic digital bank. It operates a branchless, mobile-first model delivering retail, SME, and corporate banking services through its Anorbank mobile application, Anor Business internet banking platform (companion.anorbank.uz), 24/7 contact center, and limited physical touchpoints including an airport branch and partner retail locations. The bank holds a full banking license from the Central Bank of Uzbekistan, a B- (Stable) issuer default rating from Fitch Ratings, and Category A membership in the Uzbek Republican Currency Exchange. As of 2025, the bank serves 4+ million mobile app users, holds assets exceeding 7 trillion UZS (~7,000 billion), and is ranked in the Top 4 of Uzbekistan's Banking Activity Index.
The technology backbone consists of a Nutanix-Lenovo hyperconverged infrastructure (the first deployment of its kind in Uzbekistan), secured by Check Point, and delivered in partnership with NIHOL and UIB.inc. Product offerings span a comprehensive card portfolio (Mastercard World Elite, Visa Infinite, ANOR BLACK multi-currency card working across Mastercard/HUMO/UZCard, UZCARD Duo/Kids, HUMO Tria/Momentum), interest-free installment cards (Anor Rassrochka / Anor Nasiya) with 75+ merchant partners, unsecured microloans up to 50M UZS, auto financing with TATWIR, and a diversified deposit lineup paying up to 23% annually. Additional services include SWIFT international transfers, AnorEx P2P currency exchange, OSAGO insurance via Kapital Sug'urta, and merchant acquiring with SoftPOS through MayaSoft.
The bank generates revenue through multiple streams: net interest spread from lending and deposits, card transaction and merchant acquiring fees, foreign exchange margins, and emerging capital markets activities. Recent institutional funding includes a $10M Line of Finance from ICD (December 2025) and $5M from responsAbility Investments AG (April 2026), alongside a debut 50 billion UZS corporate bond issuance at a 22% annual coupon in April 2026. The bank serves retail individuals, SMEs, microenterprises, and high-net-worth clients through a digital-first distribution model supported by partnerships with Mastercard, Visa, HUMO, UZCARD, SWIFT, MayaSoft, MOST NeoBank, and the Asian Development Bank.
Anorbank firmographics
Firmographics- Name
- Anorbank
- Legal name
- Акционерное общество "ANOR BANK"
- Website
- https://anorbank.uz
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Anorbank is a privately-held digital bank headquartered in Tashkent, Uzbekistan, founded in 2020 as the country's first domestic branchless bank, serving 4+ million mobile app users across retail, SME, microenterprise, and high-net-worth segments through its mobile app, internet banking, and contact center, with assets exceeding 7 trillion UZS.
- Ownership category
- akta.pro rank
Anorbank industry classification
Industry- Product category
- Digital Banking
- NAICS
- Depository Credit Intermediation (5221), Commercial Banking (52211)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- Underbanked/Financial Inclusion Neobanks (FSABAFAJ)
- akta.pro secondary industries
- Embedded Card Issuing & Card-as-a-Service (FSAGALAC), Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD), International / Global Card Schemes (FSAMAAAD)
Keywords
Where Anorbank is headquartered
LocationHeadquarters
- HQ city
- Tashkent
- HQ country
- Uzbekistan
- HQ region
- Asia
Offices4 records
Markets served
Anorbank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Supply Chain
Revenue model
- Interest Income from Lending: Primary revenue from consumer loans, microloans, and business credit facilities. Provides unsecured consumer loans online and increasingly corporate/SME lending.
- Card Transaction Fees: Merchant acquiring fees, card maintenance fees, and transaction commissions on debit and credit card operations
- Corporate Bond Issuance: Debut 50 billion UZS corporate bond issuance at 22% annual coupon rate for 1080 days, broadening funding sources
- SME Financing Facilitation: Line of finance from ICD ($10M) and responsAbility ($5M) channeled to SMEs for Islamic and sustainable finance solutions
- Deposit Taking: Retail and corporate deposits including Smart, Yuqori Daromad, Ko'rpacha, Tez, Baraka, and Barqaror products with competitive rates up to 23% annually
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Yuqori Daromad - 23% annual rate, 25-month term, highest fixed rate among deposits |
| Subscription | Annual | Ko'rpacha - 22% annual rate, 24-month term, flexible with partial withdrawal |
| Subscription | Annual | Tez - 22% annual rate, 13-month term, short-term deposit |
| Subscription | Annual | Baraka - 21% annual rate, 24-month term, flexible with пополнение and partial withdrawal |
| Subscription | Monthly | Smart Business - up to 18% annual in UZS, up to 5% in foreign currency for legal entities |
| Subscription | Annual | Mastercard ANOR BLACK - annual maintenance 25,000 UZS with VAT |
| Subscription | Annual | Mastercard ANOR BLACK Virtual - annual maintenance 15,000 UZS with VAT |
| Transaction based/ take rate | Monthly | Anor Merchant Partner Program - commission-based acquiring for merchants |
Go-to-market motion2 records
Distribution channels8 records
Marketing channels8 records
Anorbank product offering
Product offeringCore offering
Anorbank is a branchless digital bank in Uzbekistan that provides retail, SME, and corporate banking services through a mobile app, internet banking, and a 24/7 contact center. Its core offerings include consumer deposits and microloans, multi-currency debit and credit cards (Mastercard, Visa, HUMO, UZCARD), an interest-free installment card ecosystem with merchant partners, international SWIFT transfers, currency exchange (AnorEx), and merchant acquiring via the Anor API.
Product overview
Anorbank is Uzbekistan's first purely digital bank, operating as a comprehensive digital-first banking platform rather than a single product. The portfolio is organized around four interconnected layers: (1) Core Digital Platforms — the Anorbank mobile app (retail) and Anor Business / companion.anorbank.uz (corporate), supplemented by the Anor API for merchant internet acquiring; (2) Card Products — a full spectrum from premium (Anor Black, Mastercard World Elite, Visa Infinite) to mass-market (Mastercard Milliy, Visa Classic, UZCARD Duo/Kids, HUMO Tria/Momentum, Mastercard-HUMO Co-branding) and virtual/installment cards (Anor Rassrochka, Anor Virtual); (3) Lending & Savings — unsecured microloans (Udobnyy Microzaim), auto credit, overdraft, and a diversified deposit lineup including Yuqori Daromad (23%), Ko'rpacha (22%), Baraka (21%), Tez (22%), SMART BUSINESS, and Smart deposits; (4) Infrastructure & Partner Services — SWIFT international transfers, Astrasend, Escrow accounts, OSAGO insurance, BS/2 ATM management, correspondent banking with Russian institutions, and fintech partnerships (Kundalik, eMaktab, MOST NeoBank, CAFA). The ecosystem also includes AnorCheck contactless payments, AnorEx currency exchange, Anora chatbot, Anor Merchant and Affiliate programs, and Nutanix/Check Point-powered IT infrastructure.
Differentiator
Problem solved
Functional benefit
Brands
- Anor Rassrochka: Interest-free installment card for purchases at partner stores with repayment periods up to 12 months
- AnorEx
- Anor Nasiya
- Smart Business
Products and services
- Anorbank Mobile App Primary digital banking platform for retail customers providing account management, transfers, payments, card management, deposits, microloans, and currency exchange in a single mobile application.
- Anor Business Internet Banking
Quantifiable outcome
- Mobile app ranked #1 in Uzbekistan Play Market across all categories
- +4 more outcomes
Companies that use Anorbank
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
Anorbank technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration19 records
AI capability2 records
Feature5 records
Anorbank partnerships and signals
Strategic signalPartnerships
24 partnerships are on record, tiered minor, strategic and core.
- Halyk Bank (Kazakhstan)minorHUMO cards from Anorbank now accepted at Halyk Bank terminals in Kazakhstan for direct payments without currency exchange.
- Central Asian Fintech Association (CAFA)strategicAnorbank joined CAFA as member to participate in regional fintech ecosystem development, regulatory dialogue, digital banking innovation, and joint pilot projects across Central Asia.
- Farengeyt PressminorMemorandum for financial literacy development in Uzbekistan signed at Education and Bank Forum.
- Asian Development Bank (ADB)strategicMeeting with ADB delegation to discuss digital banking development, SME financing expansion, and future reform support programs. Strategy developed jointly with PwC.
- VisacoreOfficial partner status for Visa payment system enabling Visa Infinite and Visa Classic card issuance.
- Mastercard StriveminorPartnership under Accion program for MSE digitization in Kazakhstan and Uzbekistan, supporting 14,000+ micro and small enterprises.
- Kapital Sug'urtacoreInsurance partner for online OSAGO (compulsory motor liability insurance) sales through Anorbank mobile app. First such integration in Uzbekistan market.
- TATWIRcoreOfficial importer of Citroën and distributor of Jeep, Dodge, Ram vehicles in Uzbekistan. Partnership for auto financing and credit programs for vehicle purchases.
- KundalikminorPartnership with Uzbek education platform for financial services integration in educational ecosystem.
- BSS (Russia)coreSpeech technology provider for contact center automation, winning National Banking Award for innovation in customer interaction.
- Sberbank RussiacorePartnership enabling Russian remittance transfers through Sberbank Online app to Anorbank customers via phone number.
- Tinkoff BankcorePartnership enabling Russian remittance transfers through Tinkoff app to Anorbank wallet 24/7 by phone number.
- MastercardcorePartnership for Mastercard cards including ANOR BLACK multi-currency, World Elite premium, and Milliy national currency card. Official Visa partner as of 2024.
- HUMO Payment SystemcoreFirst co-branded Mastercard-HUMO card issued in Uzbekistan. HUMO card acceptance at Halyk Bank terminals in Kazakhstan.
- Asia-Invest Bank (Russia)minorCorrespondent banking with accounts in USD, Russian rubles, and euros for international settlements.
- Transkapitalbank (Russia)minorCorrespondent banking with accounts in USD, Russian rubles, and euros for international settlements.
- SWIFTcoreConnected to SWIFT network enabling international bank transfers in convertible currencies globally. SWIFT code ANOBUZ22.
- NIHOL (RIM-NIHOL)coreIT infrastructure partner for Nutanix-Lenovo hyperconverged solution implementation, first in Uzbekistan. Check Point security products deployed for comprehensive information security.
- UIB.inccoreForeign technology partner collaborating on digital bank IT infrastructure project with expertise from Germany, Georgia, USA, Israel, and Russia.
- NutanixcoreHyperconverged infrastructure provider enabling Anorbank's digital banking platform with first Uzbekistan deployment of Nutanix-Lenovo solution.
- Check PointcoreInformation security solutions provider for comprehensive cybersecurity covering local, cloud, and mobile devices.
- Uzbek Republican Currency Exchange (UzRVB)coreMember of category B enabling government securities operations and REPO transactions. Later upgraded to category A for currency and interbank money market operations.
- National Bank of Foreign Economic Activity (Uzbekistan)minorCorrespondent banking relationship with opening of accounts in USD, Russian rubles, and euros.
- Ipak Yuli BankminorCorrespondent banking relationship with opening of accounts in USD, Russian rubles, and euros.
Scale indicators16 records
Recent moves6 records
Expansion highlights6 records
Anorbank competitors and assessment
Company assessmentOthers
- Wise (formerly TransferWise): Global cross-border payments and multi-currency platform. Comparable to Anorbank's SWIFT-enabled international transfers and AnorEx currency exchange, especially relevant for emerging-market remittance corridors.
Broad incumbents
- Revolut: Global digital bank with multi-currency accounts, cards, and remittances. Comparable to Anorbank as a benchmark for the digital-first model, multi-currency ANOR BLACK card proposition, and app-led customer engagement.
- Halyk Bank (Kazakhstan): Largest bank in Kazakhstan with established card network (HUMO acceptance) and growing digital channels. Comparable to Anorbank as a regional cross-border card partner (HUMO) and a benchmark for scaling regional digital banking.
- Kapital Bank (Uzbekistan): One of the largest privately owned banks in Uzbekistan with broad retail and corporate banking. Comparable to Anorbank as a domestic competitor offering digital and physical banking products across similar customer segments.
- Tinkoff Bank (Russia): Pioneering digital-only bank in Russia with mobile-first model, deep card portfolio, and high-yield deposits. Anorbank has a direct remittance partnership with Tinkoff and replicates its branchless, app-led acquisition model.
Emerging players
- MOST NeoBank (Kazakhstan/Uzbekistan): Digital neobank focused on SMEs and consumers in CIS markets. Already an embedded-finance partner of Anorbank (via Beksar), making it directly comparable on digital SME lending and cross-border product strategy.
- TBC Bank (Georgia): Leading digital-first bank in the Caucasus with strong retail and SME lending franchises. Comparable to Anorbank as a regional digital bank expanding into SME, payments, and lifestyle ecosystems.
- Kaspi.kz (Kazakhstan): Central Asia's leading super-app combining payments, marketplace, and fintech services. Highly relevant as a regional benchmark for integrating banking, payments, and merchant services into a single mobile platform—Anorbank's long-term trajectory.
Direct peers
- Paynet (Uzbekistan): One of the largest payment processors and digital-wallet operators in Uzbekistan, providing merchant acquiring, bill payments, and consumer transfers. Comparable to Anorbank on digital payments infrastructure and embedded merchant acceptance.
- Apelsin (Uzbekistan): Mobile-first payments and digital wallet platform in Uzbekistan offering peer-to-peer transfers, QR payments, and bill payments. Direct competitor to Anorbank's digital banking app for consumer financial-services engagement in Uzbekistan's mobile-first market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Anorbank social profiles
Digital presenceAnorbank compliance and trust
Trust signalCompliance6 records
Anorbank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Anorbank leadership team
Management profileNumber of profiles
Profiles2 records
Anorbank funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Anorbank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Anorbank
What does Anorbank do?
Anorbank is a branchless digital bank in Uzbekistan that provides retail, SME, and corporate banking services through a mobile app, internet banking, and a 24/7 contact center. Its core offerings include consumer deposits and microloans, multi-currency debit and credit cards (Mastercard, Visa, HUMO, UZCARD), an interest-free installment card ecosystem with merchant partners, international SWIFT transfers, currency exchange (AnorEx), and merchant acquiring via the Anor API.
Is Anorbank a public or private company?
Anorbank is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Anorbank founded?
Anorbank was founded in 2020. It employs 501 to 1,000 people.
Where is Anorbank based?
Anorbank is headquartered in Tashkent, Uzbekistan, in the Asia region.
How does Anorbank make money?
Five revenue lines are on record. Interest Income from Lending is the primary driver. The others are card Transaction Fees, corporate Bond Issuance, SME Financing Facilitation and deposit Taking.
Who are Anorbank's main competitors?
Wise (formerly TransferWise) is listed as an others. Broad incumbents are Revolut, Halyk Bank (Kazakhstan), Kapital Bank (Uzbekistan) and Tinkoff Bank (Russia). Emerging players are MOST NeoBank (Kazakhstan/Uzbekistan), TBC Bank (Georgia) and Kaspi.kz (Kazakhstan). Direct peers are Paynet (Uzbekistan) and Apelsin (Uzbekistan).
Does Anorbank have an API?
Yes. Anor API — a public-facing API available through the business platform (business.anorbank.uz) for internet acquiring, enabling merchants to integrate payment acceptance functionality.
What industry is Anorbank in?
Anorbank's product category is Digital Banking. Its primary akta.pro industry code is FSABAFAJ, Underbanked/Financial Inclusion Neobanks, with a secondary code of FSAGALAC, Embedded Card Issuing & Card-as-a-Service. Its NAICS code is 5221 and its SIC code is 6021.