Stock Taper 
Kaspi.kz, founded in 2008 in Almaty, offers integrated payments, marketplace, and fintech solutions in Kazakhstan, including BNPL, merchant services, e-commerce, travel, and data-driven financial products across three main segments.
Kaspi.kz Super App is an all-in-one digital ecosystem in Kazakhstan, integrating payments, marketplace, and fintech services, becoming essential for millions and transforming the country's digital landscape.
In January 2025, Kaspi.kz completed the acquisition of a 65.41% controlling stake in D-Market Electronic Services & Trading (Hepsiburada), a leading Turkish e-commerce platform. This strategic move marked Kaspi.kz's significant entry into the Turkish market, a key step in its international growth ambitions and a move that significantly expanded its addressable market.
In a significant strategic move to expand its 'Super App' model internationally, Kaspi.kz acquired a controlling stake in Hepsiburada, a leading Turkish e-commerce platform, in January 2025. This was followed by an agreement in March 2025 to purchase Rabobank's Turkish subsidiary, securing a banking license to launch its fintech services in the country. This dual-acquisition strategy marks Kaspi.kz's most substantial push into a new geographic market, aiming to replicate its successful ecosystem outside of Kazakhstan.
Joint Stock Company Kaspi.kz (NASDAQ: KSPI - Get Free Report) and PROG (NYSE: PRG - Get Free Report) are both finance companies, but which is the better business? We will compare the two businesses based on the strength of their analyst recommendations, profitability, dividends, earnings, valuation, institutional ownership and risk. Profitability This table compares Joint Stock Company
Overall rating: B+
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