Joint Stock Company Kaspi.kz (KSPI) Stock

Joint Stock Company Kaspi.kz, along with its subsidiaries, operates as a leading provider of payments, marketplace, and fintech solutions tailored for consumers and merchants within the Republic of Kazakhstan. Organized into three distinct segments Payments Platform, Marketplace Platform, and Fintech Platform the company facilitates seamless transactions across various channels. The Payments Platform segment serves as a pivotal hub for consumer and merchant transactions, encompassing shopping transactions, bill payments, and peer-to-peer transfers. It supports online and in-store payments, facilitates invoice issuance and settlement, and empowers merchants with tools to monitor turnover and optimize business decisions through proprietary data analytics.

Kaspi.kz's Marketplace Platform segment connects a broad spectrum of online and offline merchants with consumers, promoting sales growth through an omnichannel approach. This segment enhances consumer access to diverse products and services via mobile commerce solutions, ensuring convenient shopping experiences with options for free delivery. Additionally, Kaspi Travel underpins consumer convenience by offering booking services for flights, package holidays, and domestic rail tickets. Moreover, the platform aids merchants in boosting sales through integrated payments, fintech solutions, targeted advertising, and logistics services.

The Fintech Platform segment expands Kaspi.kz's footprint by offering a range of financial products such as Buy Now, Pay Later (BNPL), savings accounts, and merchant finance services through its super apps and the Kaspi.kz Super app. Beyond its core offerings, the company is also engaged in banking, distressed asset management, real estate ventures, payment processing, online travel services, and information storage and processing. Established in 2008 and headquartered in Almaty, Kazakhstan, Kaspi.kz continues to innovate and diversify its service offerings to meet evolving market demands and consumer needs.