Tencent Invests in Kaspi.kz Alongside Co-Founder & CEO Mikheil Lomtadze and Long-Term U.S. Institutional Investors
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This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article contentALMATY, Kazakhstan, April 20, 2026 (GLOBE NEWSWIRE) — Kaspi.kz (Nasdaq: KSPI) today announced that Tencent, Kaspi.kz Co-Founder and CEO Mikheil Lomtadze, key members of the senior management team, and long-term institutional investors have completed the purchase of 6.0 million American Depositary Shares (ADSs) from Baring Fintech Venture Funds (the “Funds”).Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentMikheil Lomtadze, CEO and Co-Founder of Kaspi.kz, commented:Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article content“Tencent pioneered the super app ecosystem business model, and we have long admired its ability to combine innovation at scale with disciplined execution. We are delighted to welcome Tencent as one of Kaspi.kz’s largest shareholders.Article contentArticle contentMy own investment, together with those of key members of our senior management team, reflects our strong belief in Kaspi.kz’s Super App business model, long-term strategy and future growth opportunities.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentWe are also pleased to welcome Spice Expeditions, a globally focused fintech investment firm, and the U.S. university endowments of Washington University and WISIMCO / University of Wisconsin Foundation, as long-term shareholders.Article contentThe combination of strategic, management and highly respected institutional capital comes at an exciting time for Kaspi.kz as we build on our market leadership in Kazakhstan and expand into Türkiye.”Article contentMorgan Stanley acted as exclusive financial advisor to the Funds on the transaction.Article contentAbout Kaspi.kzArticle contentKaspi.kz’s mission is to improve people’s lives by developing innovative mobile products and services.Article contentKaspi.kz operates a unique two-sided Super App model, serving more than 25 million consumers and 900 thousand merchants across Kazakhstan and Türkiye. In Kazakhstan, our Super App seamlessly integrates payments, e-commerce, e-grocery, fintech, travel, classifieds and government services. This comprehensive offering is deeply relevant to users’ daily lives, driving exceptional engagement with 77 monthly transactions per active consumer. In Türkiye, Kaspi.kz owns an 86% stake in Hepsiburada, one of the country’s leading e-commerce platforms. Article contentKaspi.kz has been listed on Nasdaq since January 2024.Article contentFor further information David Ferguson, david.ferguson@kaspi.kz +44 7427 751 275Article contentArticle contentArticle contentArticle contentArticle contentArticle contentTrending US Seizes Iranian Ship in Blockade, Casting Doubt on Peace Talks PMN Business Posthaste: Why Canadians might be doomed to suffer a 'new normal' for oil prices News Brace for gas price 'shock' in inflation numbers out Monday, say economists Economy A rise in mortgage rates may ‘pull the rug' out from under the spring housing market, says CREA Mortgages Bank of Canada's Macklem says he has spoken to Fed chair about risks from Anthropic's Mythos AI model Banking Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. US Seizes Iranian Ship in Blockade, Casting Doubt on Peace Talks PMN Business Posthaste: Why Canadians might be doomed to suffer a 'new normal' for oil prices News Brace for gas price 'shock' in inflation numbers out Monday, say economists Economy A rise in mortgage rates may ‘pull the rug' out from under the spring housing market, says CREA Mortgages Bank of Canada's Macklem says he has spoken to Fed chair about risks from Anthropic's Mythos AI model Banking