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Kaspi.kz JSC Sponsored ADR RegS ( (KSPI) ) has provided an announcement.
On January 29, 2025, Kaspi.kz completed its acquisition of a controlling interest in the Turkish e-commerce giant Hepsiburada, marking a significant strategic expansion. This acquisition, valued at approximately $1,127 million, received all required regulatory approvals and positions Kaspi.kz as a major player in Türkiye’s e-commerce sector, with an overarching goal of enhancing opportunities for SMEs and entrepreneurs across Kazakhstan and Türkiye.
More about Kaspi.kz JSC Sponsored ADR RegS
Kaspi.kz, a leading technology company based in Kazakhstan, is known for its innovative mobile products and services. It operates the Kaspi Super App for consumers and the Kaspi Pay Super App for merchants, both of which are central to its business model. The company focuses on Payments, Marketplace, and Fintech Platforms, boasting significant user engagement with 14 million monthly active users and partnerships with over 581,000 merchants as of 2023.
YTD Price Performance: -1.76%
Average Trading Volume: 207,513
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $19.13B
Find detailed analytics on KSPI stock on TipRanks’ Stock Analysis page.
