Mosaic Financial

What Mosaic Financial does

Mosaic Financial is a Tashkent-based investment banking and financial advisory firm, founded in 2021 as the Uzbekistan subsidiary of Mosaic Group. The firm advises local Uzbek corporates, state-owned enterprises, government agencies, and international investors on capital raising (IPOs, corporate bonds, private placements), mergers and acquisitions, privatization of state assets, and complex financial transactions such as private credit portfolio acquisitions and note restructurings. It also provides PR and marketing consulting for capital markets campaigns — notably the People's IPO program for UZEX — and publishes Uzbekistan capital market research, bond market overviews, and monthly market commentary.

The firm has no proprietary technology platform; its offering is professional services delivered through direct enterprise engagement, leveraging the international experience and global team of CFAs, CPAs, and sector analysts provided by its parent Mosaic Group. Documented mandates include advising UzSAMA on the privatization of UzAuto Trailer (acquired by Technopolis Khimgrad) and on the sale of an 87.47% state stake in Uzenergoengineering JSC, advising Westlight Holdings on a $216M private credit portfolio acquisition, advising Apus Capital on a $90M private notes restructuring, and serving as PR & marketing consultant on UZEX's People's IPO campaign. Mosaic Financial was recognized as the Best Advisor of 2022 by the Capital Market of Uzbekistan.

Revenue is generated on a transaction-based professional services model through advisory and success fees; pricing is quote-based and negotiated per engagement. The firm operates from a single office in Tashkent with 11–50 employees, targets enterprise clients through senior-advisor-led relationship sales, and relies on content marketing, research publications, and participation in forums such as the Tashkent International Investment Forum for deal origination.

Name

Mosaic Financial

Legal name

Mosaic Financial

Website

https://mosaic-financial.uz

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Mosaic Financial is a Tashkent-based investment banking and financial advisory firm, founded in 2021 as the Uzbekistan arm of Mosaic Group, advising corporates, state-owned enterprises, and international investors on capital raising, M&A, privatization, and complex financial transactions in Uzbekistan.

Ownership category

akta.pro rank

Product category

Investment Banking Advisory

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282), Services-Engineering, Accounting, Research, Management (8700)

akta.pro industry

PRIMARYBPAHAOAG

Corporate Development & Strategic Partnerships Advisory (JVs, Alliances, Carve-outs)

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/M&A, Transaction & Restructuring Advisory

Keywords

• Investment banking advisory
• Capital raising services
• Mergers and acquisitions
• Privatization consulting
• Financial advisory

Headquarters

HQ city

Tashkent

HQ country

Uzbekistan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Advisory Fees: Professional advisory services for capital raising, M&A transactions, and complex financial transactions. Revenue is generated through transaction-based advisory fees and success fees tied to deal completion.
2. PR & Marketing Consulting: PR and marketing campaign services, particularly for IPO marketing campaigns such as the People's IPO program for UZEX.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Mosaic Financial is an investment banking and financial advisory firm based in Tashkent, Uzbekistan, that advises local and international companies and investors on capital raising, M&A transactions, and complex financial transactions. As part of Mosaic Group, the firm combines on-the-ground Uzbekistan market expertise with international investment banking experience to execute privatization transactions, IPO programs, debt restructuring, and private credit portfolio transactions.

Product overview

Mosaic Financial is a financial advisory firm providing investment banking services in Uzbekistan. The company operates as part of the Mosaic Group and offers a unified suite of advisory services including capital raising advisory, M&A advisory, and complex financial transaction consulting. Their integrated approach combines local market expertise with international investment banking experience, supported by a global team of CFAs, CPAs, and sector-focused analysts. The company also provides PR & Marketing Consulting services (notably for the People's IPO program) and publishes capital market research and insights through their platform. All services are delivered as professional consulting engagements rather than a technology product platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Capital Raising Advisory Advisory services for local and international companies and investors on capital raising, combining local Uzbekistan market expertise with international investment banking experience. Covers IPOs, corporate bonds, and private placements for Uzbek issuers and government-backed entities.
• M&A Advisory Advisory on mergers and acquisitions transactions for enterprise clients, including privatization consulting for state-owned enterprises. Engagements include sell-side and buy-side advisory for transactions in Uzbekistan across automotive, energy, and financial services sectors.
• Complex Financial Transactions Advisory Advisory on complex financial transactions including debt restructuring, private credit portfolio acquisitions, and securities offerings. The firm has facilitated transactions such as the Westlight Holdings $216M private credit portfolio acquisition and the Apus Capital $90M private notes restructuring and extinguishment.
• PR & Marketing Consulting PR and marketing campaign services for IPO-related public offerings and investor awareness programs. Provides communications and marketing support designed to drive investor applications and demand for securities offerings in Uzbekistan's capital markets.
• Capital Market Research & Insights Research publications covering Uzbekistan's capital markets, including corporate bond market overviews (2019-2025), capital market monthly reviews, regulatory developments analysis, and investment forum summaries. Supports thought leadership positioning and top-of-funnel lead generation.

Quantifiable outcome

• 108% of planned placement achieved in People's IPO campaign with 12,000+ investor applications
• +2 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor and core.

• Lightman PRminorGTM or Marketing Partner · 3 August 2023Selected jointly as PR consultant consortium with Mosaic Financial for the People's IPO marketing campaign. Lightman PR provided complementary PR and communications expertise for the public offering of UZEX shares.
• Mosaic GroupcoreStrategic or Co-development PartnerMosaic Financial operates as part of Mosaic Group, an international investment banking network. This affiliation provides access to global best practices, methodologies, and a team of CFAs, CPAs, and sector-focused analysts. The partnership brings decades of investment banking experience to local market engagements.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Lazard: Global financial advisory and asset management firm with strong emerging-markets advisory coverage. Comparable in providing M&A and capital markets advisory, though Lazard serves a much broader and larger client set globally.
• Goldman Sachs Investment Banking: Global bulge-bracket investment bank with leading IPO advisory and M&A practices across emerging markets. Comparable in providing capital raising and M&A advisory at the largest end of the Uzbekistan-relevant cross-border pipeline.
• Morgan Stanley Investment Banking: Global investment bank with strong emerging-markets equity capital markets franchise. Comparable in handling sovereign and large corporate listings as Uzbekistan's reforms bring more issuers to international markets.
• Houlihan Lokey: US-headquartered global investment bank specializing in M&A, capital markets, and financial restructuring. Comparable as a mid-to-large-market advisory firm executing complex M&A and restructuring mandates that overlap with Mosaic's deal book.
• Rothschild & Co: Global advisory firm with one of the deepest emerging-markets M&A practices. Comparable as an established international advisor for cross-border M&A and privatization mandates, with greater scale and broader geographic reach than Mosaic.
• KPMG Deal Advisory: Big Four advisory practice with corporate finance M&A and transaction services globally. Comparable as an advisory competitor for mid-market M&A, privatization, and complex transaction mandates that overlap with Mosaic's service offerings.
• JPMorgan Investment Banking: Global investment bank with emerging markets advisory and equity capital markets capabilities. Comparable in executing IPO, M&A, and privatization mandates, though at vastly larger scale and broader mandates than Mosaic.

Direct peers

• Renaissance Capital: London-headquartered investment bank focused on emerging markets across Africa, Central Asia, and CIS. Comparable in its emerging-markets M&A and equity capital markets focus, serving cross-border clients with similar transaction structures.
• Halyk Investment: Investment banking arm of Halyk Bank, the largest financial group in Kazakhstan. Closely comparable as a regional boutique IB serving Central Asian capital markets with M&A, equity, and debt advisory — the same model Mosaic targets in Uzbekistan.
• Freedom Holding Corp: US-listed financial services holding company with brokerage, banking, and investment banking across Central Asia and CIS. Comparable as a Central Asia-focused financial services platform serving retail and institutional clients in emerging markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/mosaic-financial-uzbekistan

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mosaic Financial