On the Record · Joint Stock Co Kaspi.kz
Joint Stock Co Kaspi.kz subsidiaries, as it lists them
The subsidiaries Joint Stock Co Kaspi.kz lists in its latest annual report, with the jurisdiction of each, linked to the filing.
Subsidiaries it lists
| Subsidiary | Jurisdiction |
|---|---|
| ARK Balance LLC | Kazakhstan |
| Budus Investments Limited | Cyprus |
| Digital Classifieds LLC | Azerbaijan |
| Digital Classifieds OU | Estonia |
| JSC Kaspi Group | Kazakhstan |
| Kaspi Bank JSC | Kazakhstan |
| Kaspi Cloud LLC | Kazakhstan |
| Kaspi Office LLC | Kazakhstan |
| Kaspi Pay LLC | Kazakhstan |
| Kaspi Shop LLC | Kazakhstan |
| Kaspi Travel LLC | Kazakhstan |
| JSC Kolesa | Kazakhstan |
| Magnum E-Commerce Kazakhstan LLC | Kazakhstan |
| MIT Software LLC | Kazakhstan |
| KOLESA LLC | Uzbekistan |
| Kolesa Auto LLC | Kazakhstan |
| Magnum Local LLC | Kazakhstan |
| D-Market Elektronik Hizmetler ve Ticaret Anonim Şirketi | Türkiye |
| D-Fast Dağıtım Hizmetleri ve Lojistik Anonim Şirketi | Türkiye |
| D-Ödeme Elektronik Para ve Ödeme Hizmetleri Anonim Şirketi | Türkiye |
| Hepsiburada Global Elektronik Hizmetler Ticaret ve Pazarlama Anonim Şirketi | Türkiye |
| Hepsi Finansal Danışmanlık Anonim Şirketi | Türkiye |
| Hepsiburada Global B.V. | Netherlands |
| Hepsi Finansman Anonim Şirketi | Türkiye |
| KASPA İşletme Danışmanlığı Limited Şirketi | Türkiye |
| KASPB İşletme Danışmanlığı Limited Şirketi | Türkiye |
| KASPC İşletme Danışmanlığı Limited Şirketi | Türkiye |
| KASPD İşletme Danışmanlığı Limited Şirketi | Türkiye |
From the subsidiary exhibit of the 20-F for 2025. Companies must list their significant subsidiaries there and may leave out smaller ones, so this is the company’s own list, not every entity it owns.
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.