Freedom Holding Corp. was founded in 2008 by Timur Turlov as Freedom Finance, aiming to provide access to U.S. and European exchanges for clients in Kazakhstan and neighboring CIS countries. It went public on the Nasdaq in October 2019 under the ticker FRHC, becoming the first brokerage from the CIS region to list in the U.S.. Over time, the company has expanded into over 22 countries, including operations across Europe, the U.S., Central Asia, and the Middle East.
The company operates as a diversified financial services conglomerate with core offerings in retail securities brokerage and trading, asset management, investment banking and underwriting, mortgages, insurance, and consumer banking, primarily executed through its Freedom Finance and Freedom Bank Kazakhstan brands. Its platforms provide clients with access to multiple global exchanges—KASE, AIX, NYSE, Nasdaq, LSE, and Euronext—via its proprietary Tradernet interface.
Known for its innovative digital ecosystem centered around the Freedom SuperApp, the company has integrated services across banking, brokerage, insurance, online retail, e-commerce, travel, and telecom. In Kazakhstan alone, over 1.4 million banking customers and around 522,000 users participate in this ecosystem. Freedom has pursued strategic acquisitions—Kansas Nova Bank (now Freedom Bank), Prime Executions, Aviata, Arbuz, Paybox, Ticketon, and others—to diversify into fintech, e-commerce, tourism, and telecom.
Recent initiatives reflect a strong push into banking, insurance, digital services, and telecom. S&P upgraded the outlook on its banking and insurance subsidiaries to “positive” in mid 2024. Revenue has surged—fiscal 2024 generated $1.6 billion, up 105% year on year, with net income of $375 million—and Q3 fiscal 2025 exhibited a 57% YoY revenue increase to $655 million, supported by rapid growth in brokerage, banking, and insurance. The company has also embarked on further geographic expansion, opening offices in Lithuania, Czech Republic, Denmark, and launching telecom and media ventures in Kazakhstan