Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz is a leading technology and fintech company headquartered in Almaty, Kazakhstan. The company operates a dominant 'super app' ecosystem that integrates payments, e-commerce, and financial services. Its mission is to simplify and improve the daily lives of its customers and partners by providing innovative and highly relevant digital products and services.

Kaspi.kz's comprehensive platform is structured around three core segments: Payments, Marketplace, and Fintech. The Payments segment facilitates digital transactions between consumers and merchants, including bill payments and peer-to-peer transfers. The Marketplace segment offers online and mobile commerce, connecting consumers with a wide array of products and services, and includes Kaspi Travel for booking flights and tickets. The Fintech segment provides various financial products such as buy-now-pay-later options, consumer lending, deposits, and merchant financing. The super app serves both consumers and businesses across Kazakhstan, Azerbaijan, and Ukraine, with a significant portion of the Kazakhstani adult population utilizing its services.

Led by CEO Mikheil Lomtadze and Chairman Vyacheslav Kim, Kaspi.kz has established itself as a market leader in Kazakhstan's digital payments and e-commerce sectors, known for its high profitability with net margins exceeding 45%. The company has recently expanded its regional footprint, notably acquiring a stake in Hepsiburada in Turkey in early 2025. In April 2026, Kaspi.kz successfully issued $600 million in senior unsecured notes, further solidifying its financial position and supporting its growth strategies in Kazakhstan and Turkey.