Kaspi.kz JSCKSPI
About: Kaspi.kz JSC is the payment, marketplace, and Fintech ecosystem in Kazakhstan. The firm provides interconnected technologically seamless products and services that help people to pay, shop and manage their finances. Its operating segment includes the Payments Platform that connects its customers, which consist of both consumers and merchants, to facilitate cashless, digital transactions, the Marketplace Platform that connects merchants and consumers enabling merchants to increase their sales and consumers to buy a broad selection of products and services offered by a variety of merchants, and Fintech Platform that enables customers to manage their personal finances online and access consumer finance and deposit products through the Kaspi.kz Super App.
Employees: 9,637
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
88% more capital invested
Capital invested by funds: $4.5B [Q3] → $8.45B (+$3.96B) [Q4]
42% more funds holding in top 10
Funds holding in top 10: 12 [Q3] → 17 (+5) [Q4]
24.41% more ownership
Funds ownership: 22.55% [Q3] → 46.96% (+24.41%) [Q4]
20% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 25
2% more funds holding
Funds holding: 167 [Q3] → 171 (+4) [Q4]
8% less repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 60
58% less call options, than puts
Call options by funds: $6.37M | Put options by funds: $15.3M
Research analyst outlook
We haven’t received any recent analyst ratings for KSPI.
Financial journalist opinion
