Kaspi.kz Files Annual Report with the SEC
Joint Stock Company Kaspi.kz is pleased to announce that its Annual Report on Form 20-F for the fiscal year ending on December 31, 2024, has been officially submitted to the U.S. Securities and Exchange Commission (SEC). This significant document presents a thorough overview of Kaspi.kz’s operations, financial health, and growth prospects.
Insights from the 2024 Annual Report
The recently filed Form 20-F not only complies with regulatory standards but also showcases the achievements and developments that Kaspi.kz has made throughout the year. The report provides stakeholders with a detailed account of the company's performance, reflecting its commitment to transparency and accountability in financial reporting.
Accessing the Annual Report
Investors and interested parties can review Kaspi.kz’s 2024 Annual Report in the investor relations section of its official website. Additionally, the document is accessible through the SEC’s site, ensuring that all stakeholders have the opportunity to gain insights into the company's operational outcomes and strategic initiatives.
Our Vision and Mission
At Kaspi.kz, our mission is to enhance the quality of life for people by developing innovative mobile solutions. We employ a two-sided Super App model, offering the Kaspi.kz Super App for consumers while providing merchants with the Kaspi Pay Super App. This unique approach not only empowers users but facilitates seamless transactions and interactions between consumers and merchants.
Innovations and Services
The dual Super App structure allows both consumers and merchants to access a myriad of services, including Payments, Marketplace, and Fintech platforms. Each offering is crafted to meet the everyday needs of users, fostering a vibrant environment for trade and engagement. Such innovations have established Kaspi.kz as a leader in providing highly relevant digital products tailored to enhance user experience.
Recent Strategic Movements
In a significant strategic move, Kaspi.kz announced the acquisition of a 65.41% stake in Hepsiburada, a prominent e-commerce technology platform in Türkiye. This acquisition illustrates our commitment to expanding our market footprint and harnessing synergies across regions, reinforcing Kaspi.kz’s position as a key player in the e-commerce sector.
Academic Interest
The company’s extraordinary growth and innovative strategies have drawn attention from esteemed academic institutions, including Harvard Business School, which has developed two case studies on Kaspi.kz. These case studies are integral to their MBA curriculum, highlighting our unique business model and successful execution.
Achievements and Future Prospects
Having been listed on Nasdaq since January 2024, Kaspi.kz has established itself as a formidable entity in the financial market. Our focus on engaging with both consumers and merchants through advanced digital solutions ensures continued growth and a profitable business model. We are enthusiastic about the future and remain committed to enriching the lives of our users through continuous innovation and excellence in service.
Frequently Asked Questions
What is the purpose of the Annual Report on Form 20-F?
The Annual Report on Form 20-F provides comprehensive insights into a company’s financial status and operations for shareholders and the SEC.
How can I access the Kaspi.kz Annual Report?
The Annual Report can be accessed through the investor relations section on the Kaspi.kz website and also on the SEC’s official website.
What services does the Kaspi.kz Super App provide?
The Kaspi.kz Super App offers various services including payments, marketplace access, and fintech solutions tailored for consumer convenience.
What was the significance of acquiring Hepsiburada?
The acquisition strengthens Kaspi.kz’s presence in the e-commerce market and allows for increased operational synergies and market expansion.
How does Kaspi.kz ensure continuous innovation?
Kaspi.kz invests in developing user-focused products and solutions while analyzing market trends to adapt and innovate effectively.
