Kazakhstan

Kaspi on the cusp? Assessing the significance of Kazakh fintech firm's smash stock market debut

Kanat Shaku in Almaty October 23, 2020

Since Russia’s Yandex called off a deal to acquire online bank Tinkoff, the standout IPO of Kazakhstan’s financial technology and e-commerce leader has become the benchmark-setter.

Why fintech IPO sensation Kaspi is king in Kazakhstan

Kanat Shaku in Almaty October 16, 2020

Firm runs what's fast turning into country's de facto payments system. Central Asia's large unbanked population now offers great scope for building success upon success but the potential won't go unnoticed by rivals.

Fintech star Kaspi.kz most valuable ever listed Kazakh company after huge London IPO

Kanat Shaku in Almaty October 16, 2020

Firm valued at top of the range $6.5bn. Proceeds heading to billion dollars. Trading volume outdoes that of Russia’s Yandex.

Wave of attacks on foreign owned gold mines amid Kyrgyzstan’s political upheaval

Kanat Shaku in Almaty October 7, 2020

Locals express long-held anger at what they see as companies from abroad benefitting unduly from country’s natural resources.

Kazakh fintech leader Kaspi.kz eyes October listing on LSE

Kanat Shaku in Almaty October 6, 2020

Sees opportunity in capitalising on valuation benchmark set by Russian technology firm Yandex’s plans to take over online bank Tinkoff for $5.5bn.

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