From GlobeNewswire: 2025-01-29 04:36:10

Kaspi.kz has completed the acquisition of 40,000,000 Class A and 173,246,220 Class B shares of Hepsiburada. This strategic move expands Kaspi.kz’s market reach to 100 million people in Türkiye. Hanzade Doğan, founder of Hepsiburada, expressed excitement for the partnership and the potential to advance e-commerce in both Türkiye and Kazakhstan. The Transaction, valued at approximately $1,127 million, has been approved by regulatory authorities, making Kaspi.kz the controlling shareholder of Hepsiburada. Both companies will maintain distinct brands and operating structures, leveraging combined knowledge and technology for sustainable growth.

The Kaspi.kz Super App, with 14 million MAU in 2023, serves as Kazakhstan’s top mobile app. The Kaspi Pay Super App, preferred by 581 thousand merchant partners, supports businesses and entrepreneurs. Through these platforms, users access leading Payments, Marketplace, and Fintech services to connect and transact conveniently. Kaspi.kz focuses on improving lives through innovative solutions, operating with a profitable business model and high user engagement. Harvard Business School recognizes Kaspi.kz’s success with two case studies taught to MBA students.



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