Kaspi.kz Joint Stock Company Sponsored ADR RegS
BBMV:KSPI/N1,723.00
MXN
+23.00
(+1.35%)
ISIN
US48581R2058
CUSIP
48581R205
Return %
Stock
S&P 500
1Y
- -
13.14
3Y
- -
80.78
5Y
- -
67.74
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- Sector
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- Similar Companies
- Business
- Kaspi.kz Joint Stock Company operates a two-sided technology ecosystem that integrates payments, marketplace, and fintech platforms for consumers and merchants in Kazakhstan and internationally. The company operates through three principal business segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform provides proprietary QR-code payment solutions; Kaspi Pay mobile point-of-sale (mPOS) terminals and merchant acquiring; peer-to-peer (P2P) money transfer services; automated bill, utility, and municipal payment processing; consumer mobile wallet tools; and electronic government fee processing. The Marketplace Platform provides an online e-commerce marketplace for retail goods across consumer electronics, home appliances, apparel, and fast-moving consumer goods; Kaspi Travel for online booking of domestic and international airline tickets, railway transportation, and tour packages; Kaspi e-Grocery services for on-demand grocery delivery operated via dark stores and retail partnerships; Kaspi Delivery fulfillment services supported by an automated nationwide parcel locker network known as Kaspi Postomat; and digital classifieds platforms for automotive and real estate listings. The Fintech Platform provides consumer finance solutions including the Kaspi Gold debit card; Kaspi Red interest-free installment shopping accounts; Buy Now Pay Later (BNPL) point-of-sale financing; unsecured consumer cash loans and automobile financing; Kaspi Deposit term deposit and savings accounts; working capital loans and merchant cash advances for micro, small, and medium-sized enterprises (MSMEs); and digital banking and insurance products. Founded in 2008, Kaspi.kz Joint Stock Company is headquartered in Almaty, Kazakhstan, and conducts its primary financial operations through subsidiaries including JSC Kaspi Bank, Kaspi Pay LLC, and Kaspi Travel LLC. In recent major corporate developments, the company completed an initial public offering on the Nasdaq Global Select Market in January 2024, subsequently consolidating its international trading liquidity by delisting its depositary receipts from the London Stock Exchange. In October 2024, Kaspi.kz executed a major cross-border expansion by entering into an agreement to acquire a 65.41% controlling stake in D-Market Electronic Services and Trading (Hepsiburada), one of Turkey's leading e-commerce platforms. Additionally, the company has scaled its automated Kaspi Postomat delivery infrastructure, expanded its e-grocery fulfillment operations across metropolitan markets, and integrated comprehensive digital government services (GovTech) directly into its consumer mobile application.