Joint Stock Company Kaspi.kz (NASDAQ: KSPI) is a leading financial technology and e-commerce platform operating primarily in Kazakhstan. The company provides a comprehensive ecosystem that combines digital banking, payment services, consumer lending, and an online marketplace. Through its mobile application and web interface, Kaspi.kz offers seamless peer-to-peer transfers, utility and merchant payments, as well as contactless QR code transactions designed to meet the needs of both consumers and businesses.
Kaspi.kz’s product suite includes a digital wallet that enables real-time money transfers and bill settlements, alongside a credit card offering known as Kaspi Gold, which features flexible repayment and rewards programs. The company also supports merchants with POS acquiring solutions and integration tools that allow small and large retailers to accept electronic payments. Its e-commerce marketplace connects millions of users with a wide range of goods and services, supported by fast delivery options and point-of-sale financing, which permits customers to purchase items in interest-free installments.
Founded in 2003 under the name Kaspi Bank by entrepreneur Mikhail Lomtadze, the company has evolved from a traditional banking institution into a full-service digital platform. It achieved its first public listing on the Kazakhstan Stock Exchange in 2012, followed by a cross-listing in London and a secondary offering on the Nasdaq in 2020. Over time, Kaspi.kz has continually expanded its technology infrastructure and user base, investing heavily in secure data analytics and personalized financial tools.
Headquartered in Almaty, Kaspi.kz serves clients across Kazakhstan’s major urban and rural regions, with a customer network that spans retail shoppers, small and medium-size businesses, and corporate clients. The company’s management team, led by founder and Chief Executive Officer Mikhail Lomtadze, combines deep expertise in fintech innovation, banking operations, and digital commerce, positioning Kaspi.kz as a market leader in the rapidly evolving financial services sector.
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