Who owns Turbo.az?
Turbo.az is owned by Kaspi.kz (Kazakhstan, Nasdaq: KSPI), which has owned the brand since 2019.[1][2]
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
- Owned since
- Owner HQ
- 🇰🇿 Kazakhstan, Almaty
- Origin
- 🇦🇿 Azerbaijan
- Category
- Internet & digital › Online commerce › Marketplaces
- Parent ticker
- Nasdaq: KSPI
- Last verified
- · 2 sources
About Turbo.az
Turbo.az is the car classifieds site in Azerbaijan held through Digital Classifieds LLC, a company incorporated there and wholly owned by Kaspi.kz. It is one of three platforms — with Tap.az for general goods and Bina.az for property — that the group says together had more than 2.5 million monthly active users at the end of 2025. Kaspi.kz has operated in Azerbaijan since 2019 and describes the region as one it intends to keep expanding into.
How often Kaspi.kz names Turbo.az 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.
Ownership timeline of Turbo.az
Where Turbo.az 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 Red
- Kaspi Travel (2020)
- Kaspi.kz
- Tap.az
Other brands in marketplaces, and who owns them
The 59 brands in marketplaces on Brandtree belong to 28 owners. The largest is Alibaba, with 7; Kaspi.kz has 3.
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.
🇦🇿 Turbo.az and other Azerbaijani brands
Brandtree records a controlling owner for 18 brands that began in Azerbaijan. 3 of them (17%) are now controlled by a company headquartered in another country, Turbo.az among them.
- Al Market — Azersun 🇦🇿
- Azerbaijan Airlines — AZAL 🇦🇿
- Silk Way Airlines — Silk Way Group 🇦🇿
- Azərduz — Azersun 🇦🇿
- Azərsüd — Azersun 🇦🇿
- Azərşəkər — Azersun 🇦🇿
Frequently asked questions
Who is the parent company of Turbo.az?
The parent company of Turbo.az is Kaspi.kz, a publicly listed company headquartered in Kazakhstan.
Is Turbo.az Azerbaijani or Kazakhstani?
Turbo.az originated in Azerbaijan, but it is owned today by Kaspi.kz, which is headquartered in Kazakhstan. So Turbo.az is an Azerbaijani-origin brand under Kazakhstani ownership.
Since when has Kaspi.kz owned Turbo.az?
Kaspi.kz has owned Turbo.az since 2019.
Is Turbo.az still owned by Kaspi.kz?
Yes. As of 29 October 2026, Turbo.az 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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