Kaspi.kz has made an important announcement regarding its shareholder structure. It was reported that Chinese technology giant Tencent, the company's co-founder and CEO Mikhail Lomtadze, as well as key members of the management team and long-term investors, have purchased approximately 6 million US depositary shares from Baring Fintech Venture Funds.
Mikhail Lomtadze noted that Tencent's joining the ranks of shareholders is a significant event for the company. According to him, this step demonstrates the strong confidence of both him and the management team in Kaspi.kz's business model and long-term development strategy.
In addition, international fintech investment company Spice Expeditions and US university foundations — Washington University and University of Wisconsin Foundation (WISIMCO) — have also joined the ranks of the company's long-term shareholders.
It should be noted that Kaspi.kz's services are currently used by more than 25 million customers and more than 900 thousand partners. The company provides payments, e-commerce and other services on a single platform in Kazakhstan with a super application model and will be traded on the Nasdaq stock exchange from 2024.
