Kaspi kz to bid in privatization of Uzbekistan’s Humo settlements system
ASTANA. Aug 27 (Interfax) – Kazakh fintech teamKaspi kz has actually sent an official letter of passion to Uzbekistan’s State Assets Management Agency (SAMA) to take part in the privatization of the Humo settlements system,Kaspi kz claimed in a Tuesday news release.
SAMA has actually introduced strategies to privatize a 100% risk in the Humo settlement system through a public settlement procedure.
Humo is among 2 settlement systems in Uzbekistan and makes it possible for all elements of the settlements procedure for financial institutions and various other settlement suppliers. According to SAMA, it has actually released over 23 million Humo cards, attached over 200,000 factors of sale and set up around 6,000 Atm machines.
“Uzbekistan’s economy is growing fast, and I believe the country is taking all the right steps to increase its attractiveness to investors and companies like Kaspi.kz. Our shareholders include the likes of Fidelity, BlackRock , Capital International and Baillie Gifford and are amongst the world’s most respected investors in technology companies. We want to give them a front row seat to Uzbekistan’s rapidly unfolding transformation,” Mikheil Lomtadze, chief executive officer and founder ofKaspi kz, is estimated as claiming.
The privatization is anticipated to continue in 3 phases: expression of passion, collection of non-binding propositions and collection of binding propositions. At the last, prospective buyers should send a warranty settlement totaling up to at the very least 1% of their suggested binding cost deal, according to journalism launch.
Kaspi kz runs a two-sided Super App service version: theKaspi kz Super App for customers and the Kaspi Pay Super App for vendors and business owners.Kaspi kz’s offerings consist of settlements, industry and fintech remedies for both customers and vendors.Kaspi kz Group is included Kaspi Shop LLP, Kaspi Bank, Kaspi Pay LLP and Kaspi Travel LLP. As at July 1, 2024 the firm’s primary investors were Baring Funds (24.24%), Mikheil Lomtadze (21.53%) and Vyacheslav Kim (20.39%).
In January 2024,Kaspi kz performed an IPO on the Nasdaq, elevating $1.04 billion via sales by Kim, Lomtadze, and Asia Equity Partners Limited (a Baring Vostok fund). Subsequently, the firm was delisted from the London Stock Exchange, where it had actually traded considering that October 2020.
