Kaspi.kz to acquire Rabobank Group’s Turkish subsidiary Rabobank A.Ş.

Group 1 - Kaspi.kz has signed a share purchase agreement to acquire Rabobank's Turkish subsidiary, Rabobank A.Ş., which is a fully licensed bank in Turkiye without borrowing or depositing clients or a branch network [1] - The transaction is not considered material and is pending regulatory approvals and customary closing conditions [2] - Kaspi.kz operates a unique two-sided Super App model, providing innovative mobile products and services to consumers and merchants [3][4] Group 2 - The company's Super Apps facilitate access to Payments, Marketplace, and Fintech Platforms, designed to meet everyday needs and enable transactions between users [4] - Kaspi.kz's business model is characterized by strong top-line growth and profitability, supported by a large, engaged consumer and merchant base and a capex lite approach [5] - The company has been listed on Nasdaq since January 2024 and has been the subject of case studies at Harvard Business School [5]