Mikhail Lomtadze, Kaspi.kz CEO - Building a $24Bn Tech Titan, From Kazakhstan to the World
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Miguel Armaza interviews Mikhail Lomtadze, CEO of Kaspi.kz (NASDAQ:KSPI), one of the largest publicly traded fintechs in the world and the leading tech platform in Kazakhstan. Kaspi is traded on the Nasdaq and has a current market cap of $24 billion dollars.
They also have incredible numbers. They serve 15 million customers, in a country with a population of 20 million; 2/3 of their clients use them daily; 2023 revenue was $4.2B with net income margin of 45%, and they’re growing at ~50% YoY.
We discuss:
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Miguel Armaza is Co-Founder and General Partner of Gilgamesh Ventures, a seed-stage investment fund focused on fintech in the Americas. He also hosts and writes the Fintech Leaders podcast and newsletter.
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