Professional
Added to YB: 2026-07-07
Pitch date: 2026-06-29
KSPI [bullish]
Joint Stock Company Kaspi.kz
Author Info
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Company Info
Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine.
Market Cap
$8.1T
Pitch Price
N/A
Price Target
N/A
Dividend
8.02%
EV/EBITDA
3.18
P/E
7.63
EV/Sales
1.79
Sector
Consumer Finance
Category
value
Show full summary:
Vltava Fund New Position: Kaspi.kz
KSPI (new position): Vltava Fund buys Kazakh super-app combining payments, e-commerce, banking, BNPL, ads & gov services. 25M consumers, 900K merchants, 77 tx/month per user. Network effect like Visa, ROIC exceeds Visa. Turkey exposure via Hepsiburada. Cited significant undervaluation.
Read full article (2 min)