Who owns Kaspi Red?
Kaspi Red is owned by Kaspi.kz (Kazakhstan, Nasdaq: KSPI).[1]
Evidence: Joint Stock Company Kaspi.kz Annual Report on Form 20-F filed 2026-03-16, SEC EDGAR, 16 March 2026. Verified from filings; last checked .
Key facts
- Current owner
- Joint Stock Company Kaspi.kz verified
- Owner HQ
- 🇰🇿 Kazakhstan, Almaty
- Origin
- 🇰🇿 Kazakhstan
- Category
- Internet & digital › Digital services › Payments
- Parent ticker
- Nasdaq: KSPI
- Last verified
- · 1 sources
About Kaspi Red
Kaspi Red is the shopping club card, the credit line consumers draw on to spread the cost of purchases made through the Super App and at partner merchants. Kaspi.kz attributes most of the growth in its commitments on loans and unused credit lines — ₸370 billion at the end of 2025, against ₸293 billion a year earlier — to the rising number of active consumers using Kaspi Red, which makes it one of the clearest measures of how far instalment credit has spread in Kazakhstan.
How often Kaspi.kz names Kaspi Red in its annual report
A plain count of the times the name appears in the text of each annual report, not counting the start of a sentence. A brand that an owner writes about more is usually one it treats as central. The brand is named less often than it was three years earlier.
Ownership timeline of Kaspi Red
Where Kaspi Red sits in Kaspi.kz
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Kaspi.kz ownership tree →
See the full Kaspi.kz brand portfolio (10) →
Other brands owned by Kaspi.kz
Kaspi.kz controls 10 brands on Brandtree, 10 of them in internet & digital.
Also in internet & digital
- Bina.az
- Hepsiburada
- Kaspi Alaqan (2025)
- Kaspi Gold
- Kaspi Pay (2020)
- Kaspi Travel (2020)
- Kaspi.kz
- Tap.az
- Turbo.az
Other brands in payments, and who owns them
The 38 brands in payments on Brandtree belong to 21 owners. The largest is PayPal, with 4; Kaspi.kz has 4.
About the owner: Kaspi.kz
Kaspi.kz is a publicly listed company headquartered in Almaty, Kazakhstan, founded in 2008. Brandtree records 10 brands under its control, and it is listed as Nasdaq: KSPI.
Kaspi.kz is a Kazakhstani company, incorporated in 2008 and listed on the Nasdaq Global Select Market, that runs what it calls a two-sided Super App model: the Kaspi.kz Super App for consumers and the Kaspi Pay Super App for merchants and entrepreneurs. It reports three platforms — Payments, Marketplace and Fintech — and says it serves around 27.5 million users, 15.7 million of them in Kazakhstan and 11.8 million in Türkiye. Its Kazakh business is dominant enough that a Kantar survey it commissioned put the Kaspi.kz name first for brand awareness in mobile applications, e-commerce, payments, travel, consumer finance and deposits. It acquired a controlling stake in the Turkish e-commerce platform Hepsiburada in January 2025.
🇰🇿 Kaspi Red and other Kazakhstani brands
Brandtree records a controlling owner for 30 brands that began in Kazakhstan. 1 of them (3%) are now controlled by a company headquartered in another country; Kaspi Red is not one of them.
- Arbuz — Freedom Holding 🇰🇿
- A'SU — RG Brands 🇰🇿
- Air Astana — Air Astana 🇰🇿
- Coca-Cola Almaty Bottlers — Coca-Cola İçecek 🇹🇷
- KTZ Express — KTZ 🇰🇿
- KazMunayGas — KazMunayGas 🇰🇿
Frequently asked questions
Who is the parent company of Kaspi Red?
The parent company of Kaspi Red is Kaspi.kz, a publicly listed company headquartered in Kazakhstan.
Is Kaspi Red Kazakhstani?
Yes. Kaspi Red originated in Kazakhstan and its owner, Kaspi.kz, is also headquartered in Kazakhstan.
Is Kaspi Red still owned by Kaspi.kz?
Yes. As of 29 October 2026, Kaspi Red is still owned by Kaspi.kz. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Joint Stock Company Kaspi.kz Annual Report on Form 20-F filed 2026-03-16 — SEC EDGAR, SEC Form 20-F, published 16 March 2026; retrieved 16 September 2026.
Report a correction Opens a pre-filled GitHub issue. See our corrections policy.