Kaspi.kz Earns Investment Grade Rating, Strengthens Position
Kaspi.kz Achieves Investment Grade Rating
Kaspi.kz has recently received significant recognition in the finance world with an international credit rating from Moody’s. The company achieved an investment grade rating of Baa3 with a stable outlook, marking a pivotal milestone in its growth journey. This rating comes shortly after securing a BBB- rating from Fitch, indicative of its robust market performance and financial health.
Impact of the Rating on Kaspi.kz
This rating is a testament to Kaspi.kz’s diverse business model and its strong financial metrics including profitability and liquidity. It showcases the organization's capacity to maintain operational resilience and deliver consistent revenue growth, even in fluctuating economic conditions.
Key Drivers Behind the Credit Rating
Moody’s analysis pinpoints numerous factors that contribute to this favorable rating. Firstly, Kaspi.kz operates a unique Super App which combines a variety of services in payments, commerce, and fintech, facilitating excellent revenue generation. This innovative approach enables the company to weather economic variations effectively.
Secondly, the company boasts remarkable profitability exceeding 40%. This achievement is a result of strict cost management and prudent risk assessment practices, particularly concerning loan losses.
Additionally, Kaspi.kz maintains a low debt level, primarily relying on deposit liabilities from Kaspi Bank. Such a financial structure promotes a stable operating environment and enhances investor confidence.
Leadership Perspectives
Mikhail Lomtadze, the CEO and co-founder of Kaspi.kz, expressed pride in the company’s achievements. He noted that both Moody’s and Fitch acknowledged their business strategy and market positioning. With ongoing expansion plans into Türkiye through a strategic partnership with Hepsiburada, Kaspi.kz is positioned for even greater success moving forward.
About the Company
Kaspi.kz is dedicated to transforming lives by introducing cutting-edge mobile solutions and services. Its Super App, designed to cater to both consumers and merchants, stands out in the market for its versatility and efficiency. The Kaspi.kz Super App offers users a streamlined experience, allowing them to engage in transactions seamlessly through its proprietary payment network.
Innovative Approach to Business
The dual model adopted by Kaspi.kz enables it to serve a large, engaged user base, thereby driving strong revenue growth. The integration of advanced digital solutions not only enhances user experience but also supports the company’s mission to innovate continuously, meet customer needs, and foster satisfaction among users.
In an exciting move, Kaspi.kz has acquired a 65.41% stake in Hepsiburada, a leading online retail platform in Türkiye, as part of its expansion efforts. This acquisition further strengthens its position in the e-commerce sector.
Educational Recognition
The company’s innovative strategies and market accomplishments have not gone unnoticed by academic institutions. Harvard Business School has developed two case studies on Kaspi.kz, which are actively used in their MBA programs, a clear indication of Kaspi.kz's impact on contemporary business practices.
Conclusion
Kaspi.kz continues to set standards in the fintech landscape with its commitment to innovation and operational excellence. With its recent investment grade rating and strategic growth initiatives, the company is well-prepared to face future challenges and seize new opportunities in the evolving market.
Frequently Asked Questions
What credit rating did Kaspi.kz achieve from Moody’s?
Kaspi.kz received a Baa3 investment grade rating with a stable outlook from Moody’s.
How does Kaspi.kz’s business model contribute to its credit rating?
Kaspi.kz’s successful Super App model combines various services, which enhances revenue streams and operational resilience.
What are some key strengths of Kaspi.kz highlighted by Moody's?
Key strengths include high profitability, low leverage, and a strong market position.
Who is the CEO of Kaspi.kz?
Mikhail Lomtadze is the CEO and co-founder of Kaspi.kz.
What recent acquisition did Kaspi.kz make?
In January 2025, Kaspi.kz acquired a 65.41% stake in Hepsiburada, increasing its presence in the e-commerce sector.
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