Headquartered in Nauryzbai Batyr Street, Almaty Fiscal year ends December NASDAQ: KSPI ir.kaspi.kz
Kaspi.kz operates a two-sided Super App ecosystem in Kazakhstan and Türkiye, serving consumers through the Kaspi.kz Super App and merchants through the Kaspi Pay Super App. The company operates three integrated platforms: Payments (facilitating consumer-to-merchant transactions, bill payments, and peer-to-peer transfers), Marketplace (connecting online and offline merchants with consumers through m-Commerce, e-Commerce, e-Grocery, e-Cars, and Kaspi Travel), and Fintech (providing buy-now-pay-later, consumer and merchant financing, and deposit products). In Türkiye, the company operates the Hepsiburada marketplace, acquired in early 2025, and completed the acquisition of Rabobank A.Ş. (renamed Hepsi Bank A.Ş.) in July 2026 to obtain a Turkish banking license. The company is regulated by Kazakhstan's National Bank and financial market agency. All fintech lending is in local currency, funded primarily by customer deposits. The Super App model generates powerful network effects across its platforms, with Payments serving as the primary customer acquisition tool. Updated
NVIDIA is sending shareholders $6.04 billion in cash, at 25 cents a share, with the money arriving October 1. Kaspi.kz is next at roughly $408 million, followed by TORM's $246 million payment.
You’re looking at a company trading at 6.89 times earnings with 59.6% return on equity, 68% gross margin, and 73% revenue growth. If this were a U.S. tech company, the multiple would…
William Temple Kaspi.kz operates a two-sided Super App ecosystem in Kazakhstan and Türkiye, serving consumers through the Kaspi.kz Super App and merchants through the Kaspi Pay Super App.
The Wall Street consensus 12-month price target for KSPI is $107.94.