Strong Growth Across All Platforms
Kaspi reported strong growth across its platforms. Payments TPV grew 30%, marketplace GMV grew 39%, and fintech financing volumes grew 21%. Consolidated revenue grew 28% with net income up 28% in Q4.
Marketplace Segment Success
The marketplace segment was the fastest-growing business for Kaspi, with GMV increasing by 39% and revenue by 43%. Notably, e-Grocery showed a very strong growth with 97% GMV increase.
Introduction of New Products
Kaspi introduced several new products, including Buy-Inventory-Now-Pay-Later and business deposits which saw rapid adoption, with 77,000 merchants using the deposit service.
Hepsiburada Acquisition
Kaspi completed its acquisition of Hepsiburada, expanding its market reach to Turkey, a market with over 85 million people, and a strong e-commerce foundation with 12 million active consumers.