Kaspi.kz has received approval from the Banking Regulation and Supervision Agency of Türkiye (BDDK) for the acquisition of Rabobank A.Ş. The closing of the transaction is expected in July 2026, subject to customary closing conditions.
“We are pleased to receive BDDK’s approval to acquire Rabobank A.Ş. in Türkiye. This is an important milestone for Kaspi.kz and a significant step forward in the development of our business in the Turkish market. We are grateful to the BDDK and relevant authorities for their constructive engagement throughout the process. Kaspi.kz is a leading Kazakhstani technology company, and it is a great honor for us to grow our business in Türkiye. Upon completion of the transaction, we look forward to applying our expertise in payments, e-commerce, and fintech to expand digital opportunities for consumers and entrepreneurs in Türkiye. We are at the very beginning of this journey and are highly enthusiastic about the potential that lies ahead for Kaspi.kz,” commented Mikhail Lomtadze, CEO and co-founder of Kaspi.kz.
Earlier, Kaspi.kz signed a share purchase agreement with the Rabobank Group to acquire Rabobank’s Turkish subsidiary, Rabobank A.Ş. Rabobank A.Ş. is a licensed bank in Türkiye with no current borrowing clients, depositors, or branch network.
Kaspi.kz’s mission is to create innovative products and services that improve the lives of customers and partners. More than 25 million customers and 900,000 partners use Kaspi.kz services in Kazakhstan and Türkiye. In Kazakhstan, the Kaspi.kz super-app integrates payments, e-commerce, an online supermarket, fintech, travel, classifieds, government services, and other daily essentials. In Türkiye, Kaspi.kz owns Hepsiburada, one of the country’s leading e-commerce platforms.
