Joint Stock Company Kaspi.kz is a leading technology company in Kazakhstan, renowned for its comprehensive digital ecosystem that integrates payments, e-commerce, and financial services. Headquartered in Almaty, the company operates through three primary platforms: Payments, Marketplace, and Fintech. These platforms are unified under the Kaspi.kz Super App for consumers and the Kaspi Pay Super App for merchants, offering a seamless user experience that has become integral to daily life in Kazakhstan.
Kaspi.kz's origins trace back to 2002 when Vyacheslav Kim acquired the privatized Kaspiyskiy Bank. The company's transformation accelerated in 2007 with the appointment of Mikheil Lomtadze as CEO, who steered Kaspi.kz from a traditional bank into a fintech innovator. By 2014, the company had launched its Super App, combining digital payments, online shopping, and personal finance management into a single platform.
The company's ecosystem addresses a wide array of consumer needs, from facilitating everyday purchases to managing personal finances. Kaspi.kz has also expanded its services to include government-related functionalities, such as electronic document access and public service payments, enhancing its role in the digital lives of its users.
Kaspi.kz has extended its reach beyond Kazakhstan, entering markets in Azerbaijan and Ukraine through strategic acquisitions. In 2025, the company further expanded by acquiring a controlling stake in the Turkish e-commerce platform Hepsiburada . This international growth underscores Kaspi.kz's ambition to replicate its successful ecosystem model in other emerging markets.