The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

StocksMedium•20 April 2026•

1 min read

Tencent and Kaspi.kz Management Acquire 6 Million ADSs from Baring Funds

Jeff Bezos in a suit, with a US map showing logistics, warehouses, Amazon boxes, delivery vans, and a drone.

Key Facts

1Tencent and institutional investors acquired 6.0 million ADSs from Baring Fintech Venture Funds.

2CEO Mikheil Lomtadze and senior management participated in the share purchase.

Kaspi.kz has announced the completion of a significant share purchase involving 6.0 million American Depositary Shares (ADSs) previously held by Baring Fintech Venture Funds. The transaction featured the entry of tech giant Tencent alongside a group of major U.S. institutional investors. Notably, CEO Mikheil Lomtadze and members of the senior management team also participated in the acquisition, increasing their personal stakes in the company. This shift marks a transition from venture capital ownership to long-term strategic and institutional backing. The involvement of Tencent is viewed by market participants as a major endorsement of Kaspi's fintech ecosystem and growth trajectory. This consolidation of ownership by strategic partners and internal management provides a bullish signal for the company's long-term stability and market performance.