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Stock impact report

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

Joint Stock Company Kaspi.kz (KSPI) 
Company Research Source: GlobeNewswire
ALMATY, Kazakhstan, April 20, 2026 (GLOBE NEWSWIRE) -- Kaspi.kz (Nasdaq: KSPI) today announced that Tencent, Kaspi.kz Co-Founder and CEO Mikheil Lomtadze, key members of the senior management team, and long-term institutional investors have completed the purchase of 6.0 million American Depositary Shares (ADSs) from Baring Fintech Venture Funds (the “Funds”). Mikheil Lomtadze, CEO and Co-Founder of Kaspi.kz, commented: “Tencent pioneered the super app ecosystem business model, and we have long admired its ability to combine innovation at scale with disciplined execution. We are delighted to welcome Tencent as one of Kaspi.kz’s largest shareholders. My own investment, together with those of key members of our senior management team, reflects our strong belief in Kaspi.kz’s Super App business model, long-term strategy and future growth opportunities. We are also pleased to welcome Spice Expeditions, a globally focused fintech investment firm, and the U.S. university endowments of Show less Read more
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