Kaspi.kz

Kaspi.kz is a technology “unicorn” company of Kazakhstan.[3] In 2020, the company became the top-one player in the financial market of Kazakhstan, and its constituent marketplace became the country’s largest online trading platform.[4] Kaspi.kz innovations make a great contribution to the digital transformation of the Republic of Kazakhstan and increase its investment attractiveness.[5] According to experts, Kaspi.kz is one of the fastest growing IT financial companies in Europe and Eurasia.[6][7]

Kaspi.kz
TypeJoint Stock Company
KASE: KSPI
LSE: KSPI
IndustryFintech
Founded2008[1]
Headquarters
Almaty
,
Kazakhstan
Area served
Kazakhstan
Key people
Vyacheslav Kim (co-founder, chairman of the Board of Directors)
Mikheil Lomtadze (co-founder, CEO)
Revenue 641.4 billion tenge (2020)[1]
317.8 billion tenge (2020)[1]
263,3 billion tenge (2020)[1]
Total assets 2,806 billion tenge (2020)[1]
Total equity 394.6 billion tenge (2020)[1]
Number of employees
10, 000 (2020)[2]
SubsidiariesKaspi Bank JSC
Kaspi Group JSC
Kaspi Magazin LLP
IC Basel JSC
ARK Balance LLP
Kaspi Office LLP
Kaspi Travel LLC
Kaspi Pay LLC(2020)[1]
Websitekaspi.kz

Overview

The platform is based on the financial products of the Kazakh retail bank - Kaspi Bank.[8][9]

The company operates on three platforms — payments, marketplace and fintech with the help of mobile super-app.[10][11][12][13]

On November 15, 2008, as a result of rebranding, Bank Kaspiysky JSC changed its name to Kaspi Bank JSC.[14]

On September 16, 2015, on the basis of the Decree of the Board of the National Bank of the Republic of Kazakhstan No. 166 dated September 16, 2015, Kaspi Joint-Stock Company was given consent to acquire the status of a bank holding (indirect) Kaspi Bank Joint-Stock Company.[15]

On April 2, 2018, Kaspi Joint Stock Company was renamed to Kaspi.kz Joint Stock Company.

On September 17, 2019, Kaspi.kz entered the Azerbaijani market after purchasing online services for placing and publishing private ads for the sale and purchase of cars (Turbo.az), real estate (Bina.az), goods and services (Tap.az).[16][17]

In 2018–2021, Kaspi.kz ranked first among Kazakhstani online shopping sites.[18]

In 2020, Kaspi ranked first among banks in Kazakhstan according to Forbes.[19][20]

In July 2021, Kaspi.kz entered the Ukrainian market by purchasing the Portmone Group payment system. The amount of the deal was not disclosed.[21][22]

References
  1. Annual Report 2020
  2. Who are employed by Kazakhstan banks
  3. Kazakhstan based Fintech Kaspi.kz Says its Business Is Performing Well After London Stock Exchange Listing
  4. EUKazakhstan’s International Finance Center becomes breeding ground For new Fintech
  5. Kazakh fintech star Kaspi a pandemic bright spot
  6. How can Kazakh education repeat the success of domestic IT companies?
  7. Kazakhstan e-commerce banking app Kaspi quietly expanding in the CIS region
  8. "Успешное IPO в Лондоне сделало бизнесменов из Казахстана миллиардерами". РБК Инвестиции (in Russian). Retrieved 2022-04-11.
  9. Резник, Анна (2019-09-16). "Цифровизация с оглядкой. Как казахстанские банки развивают диджитал-сервисы". www.forbes.kz. Retrieved 2022-04-11.
  10. "Moody's повысило рейтинг Kaspi Bank". Деловой портал Капитал.кз (in Russian). Retrieved 2022-04-11.
  11. "МФЦА и Kaspi.kz займутся подготовкой IT-кадров". authority.aifc.kz. Retrieved 2022-04-11.
  12. "Kaspi - Central Asian Super App in the Making". Picolinie Capital. 2021-05-05. Retrieved 2022-04-11.
  13. "Успешное IPO в Лондоне сделало бизнесменов из Казахстана миллиардерами". РБК Инвестиции (in Russian). Retrieved 2022-04-11.
  14. "Каталог банков и МФО Казахстана". bank-kz.info (in Russian). Retrieved 2022-04-11.
  15. "Акционеры Kaspi Bank создают новый холдинг". Деловой портал Капитал.кз (in Russian). Retrieved 2022-04-11.
  16. "Казахстанская Kaspi.kz стала владельцем трех сайтов объявлений в Азербайджане". interfax.az. Retrieved 2022-04-11.
  17. Bastiaan (2021-05-05). "Kaspi - Central Asian Super App in the Making". Picolinie Capital. Retrieved 2022-04-11.
  18. "Kaspi.kz once again recognized as # 1 in e-commerce". www.forbes.kz. 2021-09-16. Retrieved 2022-04-11.
  19. Батищева, Татьяна (2020-05-18). "Рейтинг банков Казахстана - 2020". www.forbes.kz. Retrieved 2022-04-11.
  20. "Казахстанцы сделали рекордное количество онлайн покупок с Kaspi.kz". zakon.kz (in Russian). 2020-05-14. Retrieved 2022-04-11.
  21. "Kaspi наступает | На Украину надвигается финтех-гигант из Казахстана стоимостью $27 млрд. Стоит ли бояться его украинским компаниям? — Forbes.ua". forbes.ua (in Russian). 2021-12-16. Retrieved 2022-04-11.
  22. "Казахская Kaspi подала документы на покупку банка в Украине". Экономическая правда (in Russian). Retrieved 2022-04-11.


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