# Kaspi.kz Joint Stock Company

> technology "unicorn" company of Kazakhstan

**Wikidata**: [Q106219885](https://www.wikidata.org/wiki/Q106219885)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Kaspi.kz)  
**Source**: https://4ort.xyz/entity/kaspi-kz-joint-stock-company

## Summary
Kaspi.kz Joint Stock Company is a Kazakhstan-based technology "unicorn" and public company that operates a multifunctional fintech platform, offering services such as digital payments, online banking, e-commerce, and insurance. Founded in 1991 by Vyacheslav Kim, it is headquartered in Almaty and listed on the Nasdaq, London Stock Exchange, and Astana International Exchange. As one of Central Asia's largest financial technology companies, it has achieved significant growth and international recognition.

## Key Facts
- **Founded**: January 1, 1991
- **Founder**: Vyacheslav Kim
- **Legal Form**: Joint-stock company
- **Headquarters**: Almaty, Kazakhstan
- **Industry**: Fintech
- **Stock Exchanges**: 
  - Nasdaq (ticker: KSPI, listed since January 19, 2024)
  - London Stock Exchange (ticker: KSPI, delisted in 2024)
  - Astana International Exchange (ticker: KSPI)
- **Employees**: 3,621 (as of 2006)
- **Social Media Presence**:
  - Twitter: @Kaspi_kz (4,740 followers as of 2021)
  - Instagram: @kaspi.kz
  - YouTube: 117,000 subscribers (as of 2025)
  - Facebook: @kaspi.kz
  - VK: kaspikz
- **Website**: https://kaspi.kz
- **Unicorn Status**: Recognized as a technology unicorn in Kazakhstan
- **ISIN**: US48581R2058
- **Crunchbase ID**: kaspi-bank
- **Google Knowledge Graph ID**: /g/11g9msl__8

## FAQs
**When was Kaspi.kz founded?**  
Kaspi.kz was founded on January 1, 1991.

**Who is the founder of Kaspi.kz?**  
The company was founded by Vyacheslav Kim.

**Where is Kaspi.kz listed on stock exchanges?**  
It is listed on the Nasdaq, Astana International Exchange, and previously on the London Stock Exchange until 2024.

**What services does Kaspi.kz provide?**  
It operates a multifunctional fintech platform offering digital payments, online banking, e-commerce, and insurance services.

**How many employees does Kaspi.kz have?**  
As of 2006, the company employed 3,621 people.

**What is Kaspi.kz's significance in Kazakhstan's economy?**  
It is a leading technology unicorn in Kazakhstan and a major player in Central Asia's fintech sector.

## Why It Matters
Kaspi.kz Joint Stock Company is a pivotal entity in Kazakhstan's technology and financial sectors, driving digital innovation and economic growth. As a unicorn—a privately held startup valued at over $1 billion—it has demonstrated exceptional scalability and impact, transforming financial services accessibility in Central Asia. Its listing on global stock exchanges, including the Nasdaq, underscores its international influence and investor confidence. By integrating payments, banking, and e-commerce into a single platform, Kaspi.kz has reshaped consumer behavior and business operations in the region, fostering financial inclusion and modernizing economic infrastructure.

## Notable For
- First Kazakh company to list on the Nasdaq (2024).
- Achieved unicorn status, a rare distinction for Central Asian startups.
- Operates a multifunctional platform combining fintech, e-commerce, and insurance services.
- Rapid growth in social media presence, with YouTube subscribers increasing from 56,600 (2021) to 117,000 (2025).
- Cross-listed on three major stock exchanges, reflecting global investor interest.

## Body

### History and Evolution
Kaspi.kz was established on January 1, 1991, initially operating in traditional banking before transitioning into a fintech-focused company. Under the leadership of founder Vyacheslav Kim, it evolved into a digital platform offering integrated financial services. The company underwent significant expansion in the 2000s, driven by Kazakhstan's growing digital economy. By 2024, it achieved a milestone by listing on the Nasdaq, marking the first Kazakh company to do so.

### Corporate Structure and Governance
As a joint-stock company, Kaspi.kz is owned by shareholders who participate in governance through a board of directors. Its legal structure complies with Kazakh corporate regulations, ensuring transparency and accountability. The company adheres to international financial reporting standards, reflecting its commitment to global best practices.

### Financial Performance and Listings
Kaspi.kz is listed on three stock exchanges: the Nasdaq (since January 19, 2024), the Astana International Exchange, and previously the London Stock Exchange (until 2024). Its ISIN (US48581R2058) and ticker symbol (KSPI) facilitate global trading. The company's market valuation and liquidity are bolstered by its cross-listing strategy, attracting diverse investor portfolios.

### Services and Products
The company's platform provides a wide range of services, including:
- **Digital Payments**: Mobile and online payment solutions.
- **Online Banking**: Access to banking services via its app and website.
- **E-commerce**: A marketplace for goods and services.
- **Insurance**: Customized insurance products for individuals and businesses.

### Leadership and Founders
Vyacheslav Kim, the founder, played a central role in Kaspi.kz's transformation into a fintech leader. His strategic vision guided the company's pivot from traditional banking to digital innovation, positioning it as a regional powerhouse.

### Digital Presence and Innovation
Kaspi.kz maintains an active digital footprint through platforms like Twitter, Instagram, YouTube, and Facebook. Its YouTube channel, launched in 2013, grew to 117,000 subscribers by 2025, highlighting its engagement with younger, tech-savvy audiences. The company's website (https://kaspi.kz) serves as a hub for its integrated services, emphasizing user experience and accessibility.

### Recognition and Awards
As a recognized technology unicorn, Kaspi.kz has garnered international attention for its rapid growth and market disruption. Its Nasdaq listing in 2024 solidified its status as a global player, while its inclusion in Crunchbase (ID: kaspi-bank) underscores its relevance in the startup ecosystem.

### Global Presence and Impact
While headquartered in Almaty, Kazakhstan, Kaspi.kz's operations extend across Central Asia. Its cross-listing on global exchanges reflects its ambition to attract international investment and expand its services beyond regional markets. The company's multilingual support (evidenced by Wikipedia entries in nine languages) further demonstrates its commitment to inclusivity and global outreach.

### Employees and Operations
As of 2006, Kaspi.kz employed 3,621 staff, contributing to Kazakhstan's workforce development in the tech and financial sectors. Its headquarters in Almaty serves as a strategic base for overseeing national and international operations.

### Related Entities and Relationships
Kaspi.kz interacts with entities such as the Nasdaq, London Stock Exchange, and Astana International Exchange through its listings. Its Crunchbase profile and Google Knowledge Graph ID highlight its integration into global business networks. The company's social media engagement (e.g., Twitter, Instagram) fosters direct connections with customers and stakeholders.

## References

1. [Source](https://www.instagram.com/kaspi.kz/)
2. [Source](https://web.facebook.com/Kaspi.kz/)
3. YouTube API