Transcript
Introduction
Zack
I'm Zack Fuss and today we are breaking down Kaspi, a leading financial technology company based in Kazakhstan. Best known for its super app, Kaspi plays a central role in the lives of millions of Kazakh citizens by offering a seamless ecosystem that combines payments and digital wallets, e-commerce, and financial services. Its success is often attributed to its ability to solve pain points specific to the Kazakh market, such as low financial inclusion and limited access to traditional banking infrastructure. This approach has made Kaspi not just a technology company, but an integral part of the country's economic fabric.
To truly appreciate the story of Kaspi, you must also learn the story of Kazakhstan, a 20-million-people country with a GDP of $260 billion. The country is rich in natural resources as one of the world's largest producers of uranium and a significant producer of oil as a member of OPEC+. It also notably shares a border with both China and Russia.