Who owns Kaspi Travel?
Kaspi Travel 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
- Founded
- 2020
- Category
- Internet & digital › Online travel › Online travel agencies
- Parent ticker
- Nasdaq: KSPI
- Last verified
- · 2 sources
About Kaspi Travel
Kaspi Travel is the booking service inside the Kaspi.kz Super App, selling domestic and international flights, domestic rail tickets and package holidays both within Kazakhstan and abroad. It is run through Kaspi Travel LLC, wholly owned by the group, and the company reports its gross merchandise value and take rate as a separate line of the Marketplace segment; that value grew 14 per cent in 2025. A Kantar survey it commissioned put Kaspi.kz first for brand awareness in travel, with 54 per cent of respondents naming it.
What Kaspi.kz's annual report says about Kaspi Travel
Sentences about Kaspi Travel from Kaspi.kz's latest annual filing[1], copied word for word.
Similarly, over the last two years, we have developed Government Services in partnership with the Kazakhstan government to digitalize usage of government services, launched digital Gift Cards on our Marketplace, added Business Deposit for merchants on our Fintech Platform and expanded Kaspi Travel to include holiday packages (like domestic tours and online gift cards).
Kaspi Travel allows consumers to book domestic and international flights, domestic rail tickets, holidays within Kazakhstan and internationally.
Going forward, we expect to grow less mature services including e-Commerce, Kaspi Travel's full range of products, e-Grocery and Kaspi Classifieds.
How often Kaspi.kz names Kaspi Travel 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 more often than it was three years earlier.
Ownership timeline of Kaspi Travel
Where Kaspi Travel 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
Other brands in online travel agencies, and who owns them
The 50 brands in online travel agencies on Brandtree belong to 22 owners. The largest is Expedia Group, with 7.
| Brand | Owner | Owner based in |
|---|---|---|
| CheapTickets | Expedia Group | 🇺🇸 United States |
| Corporate Traveller | Flight Centre Travel Group | 🇦🇺 Australia |
| Bravofly | lastminute.com Group | 🇳🇱 Netherlands |
| Agoda | Booking Holdings | 🇺🇸 United States |
| AbhiBus | ixigo | 🇮🇳 India |
| eDreams | eDreams ODIGEO | 🇪🇸 Spain |
| Goibibo | MakeMyTrip | 🇮🇳 India |
| Globe All India Services | Yatra | 🇮🇳 India |
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 Travel 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 Travel 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 Travel?
The parent company of Kaspi Travel is Kaspi.kz, a publicly listed company headquartered in Kazakhstan.
Is Kaspi Travel Kazakhstani?
Yes. Kaspi Travel originated in Kazakhstan in 2020 and its owner, Kaspi.kz, is also headquartered in Kazakhstan.
Is Kaspi Travel still owned by Kaspi.kz?
Yes. As of 29 October 2026, Kaspi Travel is still owned by Kaspi.kz. The ownership record was last checked against primary sources on that date.
Sources (2) & 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.
- [2] Joint Stock Company Kaspi.kz prospectus (Form 424B4) filed 2024-01-19 — SEC EDGAR, SEC filing, published 19 January 2024; retrieved 25 October 2026.
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