On the Record · Joint Stock Co Kaspi.kz
Joint Stock Co Kaspi.kz acquisitions, on the record
The businesses Joint Stock Co Kaspi.kz bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Magnum E-commerce KazakhstanWord for word“We acquired a 90.01% share in Magnum E-commerce Kazakhstan in February 2023 with an investment of ₸ 70 billion in its share capital.” 20-F for 2023 | acquisition | February 2023 | ₸ 70 billion |
KolesaWord for word“On July 21, 2023, we entered into an agreement with an indirect subsidiary of Baring Vostok Private Equity Fund V to acquire 39.758% of the shares of Kolesa for $88.5 million.” 20-F for 2023 | acquisition | July 21, 2023 | $88.5 million |
Portmone GroupWord for word“In October 2021, we acquired 100% of Portmone Group, a payments company operating in Ukraine, although it represented only 0.1% of our total assets as of December 31, 2023 and 0.05% of our net income for the year ended December 31, 2023.” 20-F for 2023 | acquisition | October 2021 | — |
IC "Basel" JSCWord for word“On January 26, 2021, Kaspi Bank completed the sale of its subsidiary IC “Basel” JSC, which was part of the Group’s Fintech segment and operated in Kazakhstan, to an unrelated third party.” 20-F for 2023 | divestiture | January 26, 2021 | — |
Kaspi Travel (previously, LLP Traveleasy)Word for word“Kaspi Travel (previously, LLP Traveleasy) is a company incorporated in Kazakhstan and acquired by us in July 2020, whose primary business is selling online airline and railway tickets.” 20-F for 2023 | acquisition | July 2020 | — |
Turbo.az, Tap.az and Bina.azWord for word“In 2019, we acquired Azerbaijan’s leading classifieds platforms Turbo.az (cars), Tap.az (new and used items) and Bina.az (real estate).” 20-F for 2023 | acquisition | 2019 | — |
HepsiburadaWord for word“On January 29, 2025, the Company completed the acquisition of 40,000,000 Class A and 173,246,220 Class B shares of of Hepsiburada (the “Shares”), pursuant to the Stock Purchase Agreement entered into on October 17, 2024.” 20-F for 2024 | agreed acquisition | October 17, 2024 | — |
Kolesa JSCWord for word“since the acquisition of Kolesa in October 2023 also includes retail revenue generated by our “first-party” car e-commerce business.” 20-F for 2024 | acquisition | October 2023 | — |
Rabobank A.Ş.Word for word“In March 2025 Kaspi.kz entered into a purchase agreement with Rabobank Group, relating to the acquisition of Rabobank’s Turkish subsidiary Rabobank A.Ş.” 20-F for 2025 | agreed acquisition | March 2025 | — |
Kaspi Travel LLCWord for word“Kaspi Travel LLC (previously, LLP Traveleasy) is a company incorporated in Kazakhstan and acquired by us in July 2020, whose primary business is selling online airline and railway tickets.” 20-F for 2025 | acquisition | July 2020 | — |
Portmone GroupWord for word“From 2021 until the third quarter of 2025, when we signed an agreement for its sale, we owned Portmone Group, a payments company operating in Ukraine.” 20-F for 2025 | agreed divestiture | third quarter of 2025 | — |
Read from Joint Stock Co Kaspi.kz’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-03-16. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.