Billz

Based in Tashkent, Uzbekistan, Billz operates as a Software-as-a-Service (SaaS) provider, delivering a comprehensive retail management platform for small and medium-sized enterprises (SMEs). The company was founded in 2017 by Rustam Khamdamov, Jahongir Narzullaev, and Vadim Zakharyan. The founding team's journey began while they were colleagues at the telecom operator UCell. Their inspiration for Billz stemmed from a third co-founder who had left the telecom company to start his own retail business and was struggling with inventory management. This direct experience, coupled with interviews with over 20 other retailers, revealed a market gap for a user-friendly management solution, as many were still using paper or Excel for record-keeping.

Billz provides an all-in-one platform designed to streamline retail operations. The software integrates point-of-sale (POS), inventory management, customer relationship management (CRM), e-commerce capabilities, and analytics. Its client base consists of small and medium-sized retail businesses, particularly in sectors like clothing, shoes, accessories, and electronics. The platform enables businesses to manage products, track stock levels, handle sales and checkouts, and oversee customer data. A key feature is its ability to help businesses transition online through the creation of websites, integration with Telegram bots, and connections to marketplaces. The business model is based on generating revenue through its retail management software.

The company has achieved several significant milestones. After starting part-time, the founders committed to the venture full-time in 2019. They secured their first investment from Sturgeon Capital in 2020, followed by a $650,000 seed round in May 2022 led by Quest Ventures, with Sturgeon Capital also participating. A major development occurred in June 2025, when TBC Bank Group acquired a majority stake in Billz, valuing the company at $20 million. This strategic partnership aims to integrate Billz into the TBC Uzbekistan ecosystem, providing Billz users with seamless access to banking and lending products. Billz continues to operate under its own brand and management team. The platform serves over 4,000 retail businesses and processes more than 1.5 million transactions monthly, with operations in Uzbekistan, Kazakhstan, Kyrgyzstan, and Tajikistan.

Keywords: retail management, SaaS, point-of-sale, POS system, inventory management, CRM, e-commerce solutions, SME software, Uzbekistan startup, retail automation, business analytics, customer management, online store builder, financial management, Central Asia tech, TBC Bank Group, Rustam Khamdamov, retail technology, stock optimization, sales analytics