Joint Stock Company Kaspi.kz (NASDAQ:KSPI) is a leading financial technology and e-commerce group headquartered in Almaty, Kazakhstan. The company has built one of the country’s largest digital ecosystems, offering a suite of integrated services that span consumer banking, payments, online marketplaces and merchant acquiring. Through its mobile and web platforms, Kaspi.kz aims to simplify everyday financial and shopping activities for individuals and businesses across Kazakhstan.
The company’s core offerings include digital banking solutions such as deposit accounts, digital wallets and money transfers, alongside consumer lending products that enable point-of-sale financing and “buy now, pay later” purchases. Kaspi.kz also operates a rapidly growing online marketplace where users can browse and purchase goods ranging from electronics to clothing, with order fulfillment supported by a network of logistics partners. Its payments division processes transactions for merchants, utilities and public services, further cementing the group’s role as a key payments infrastructure provider in the region.
Founded in 2001 as Kaspi Bank, the group gradually expanded its digital footprint beginning in the early 2010s with the launch of mobile banking services. In October 2020, Kaspi.kz completed an initial public offering on the London Stock Exchange, marking one of the largest fintech listings out of Central Asia. In March 2021, the company further broadened its investor base through a secondary listing on the Nasdaq Global Select Market under the ticker symbol KSPI.
Kaspi.kz’s operations are principally focused on Kazakhstan, where it serves a diverse customer base of retail clients, small and medium-sized enterprises and large corporate partners. The company is governed by an independent board of directors and managed by an experienced executive team based in Almaty. Through continuous investment in technology and user experience, Kaspi.kz seeks to maintain its leadership in digital finance and commerce across its core market.
