Kaspi.kz Completes 4.17 Billion Lira Capital Increase in Hepsiburada
Kazakhstan-based technology giant Kaspi.kz has strengthened its position in the Turkish market with a 4.17 billion lira capital increase in Hepsiburada, following its acquisition of a majority stake earlier in 2025.
Kaspi.kz‘s strategic investment in Hepsiburada reached a significant milestone after the company’s $1.1 billion investment earlier in the year. The 4.17 billion lira capital increase further solidifies Kaspi’s presence in Türkiye and underscores its long-term commitment to the Turkish digital ecosystem.
The capital increase was approved at an Extraordinary General Assembly (EGM) meeting held on November 17, 2025. This new funding will support Hepsiburada’s growth strategies and will be used to enhance the digital tools and services available to the thousands of small and medium-sized businesses (SMBs) and retailers operating on the platform.
“Our Goal Is to Help Sellers Scale Their Operations Safely”
Mikheil Lomtadze, Founder and CEO of Kaspi.kz and Chairman of Hepsiburada’s Board, stated that the investment was not only a sign of their confidence in Hepsiburada, but also a strong partnership founded on a shared mission to improve people’s daily lives through simple and innovative digital products.
Lomtadze said, “With this investment, our goal is to provide the necessary digital infrastructure to help SMBs in Türkiye innovate, grow, and become more competitive in the global market. We aim to make it easier for our sellers to access the best e-commerce, fintech, and cashless payment solutions, enabling them to scale their operations safely.”
Kaspi.kz’s Expertise in User-Focused Digital Services
Kaspi.kz’s expertise in user-focused digital services, combined with Hepsiburada’s strong commercial infrastructure, is set to make a significant contribution to Türkiye’s digital transformation. Lomtadze reiterated his belief that the partnership will play a key role in advancing Türkiye’s digital economy.
“Digiital services and e-commerce success are directly tied to the success of local businesses. We are providing all the necessary digital infrastructure for them to succeed on the global stage,” he added.
Kaspi.kz’s ongoing investments will continue to support the development of innovative digital solutions on the Hepsiburada platform and contribute to the growth of Türkiye’s digital ecosystem.
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