Tencent Invests in Kaspi.kz Alongside Co-Founder & CEO Mikheil Lomtadze and Long-Term U.S. Institutional Investors

Summary by AI BETAClose X

Kaspi.kz announced that Tencent, alongside its Co-Founder and CEO Mikheil Lomtadze, key management, and institutional investors, has acquired 6.0 million American Depositary Shares from Baring Fintech Venture Funds. This transaction positions Tencent as one of Kaspi.kz's largest shareholders, with management also increasing their stake, reflecting confidence in the company's Super App model and expansion into Türkiye. The deal also welcomed Spice Expeditions and U.S. university endowments as long-term shareholders.

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