Kaspi
Turned a distressed Kazakh bank into a super-app processing most of the country's payments and e-commerce.
Kazakh super-app: payments + marketplace + fintech.
- Who holds it
- The company itself — it holds a full banking licence — Kazakh banking license.
- The ledger
- The bank’s own core ledger.
- If it fails
- A covered-deposit payout through the local scheme, up to its limit.
Derived from Kaspi’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional |
| HQ | Almaty, KZ |
| Founded | 2012 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | Kazakh banking license |
| Card | MC · Debit + credit |
| Cashback | In-app offers |
| Yield | Deposits |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Europe |
| Countries | Kazakhstan, Türkiye |
| Founders | Mikheil Lomtadze, Vyacheslav Kim |
| Funding | Public (KSPI) |
Verified links: official site ↗ · terms ↗ · @kaspikz ↗
Common questions about Kaspi
What is Kaspi?
Kaspi is a fiat neobank, headquartered in Almaty, KZ and founded in 2012. Your money is held custodially, so Kaspi or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (Kazakh banking license).
Does Kaspi have a card, and where can you use it?
It issues a Mastercard debit and credit card. It is available in 2 countries, across Europe.
Does Kaspi require KYC?
Yes. Kaspi requires identity verification (KYC) to open an account, as a licensed bank.
What does Kaspi cost?
From the verified fields: cashback In-app offers; yield Deposits. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Kaspi before relying on them.
Peers
Monzo · Wise · Starling Bank · Atom Bank · Zopa Bank · Chase UK
Kaspi appears in
Neobanks that hold their own banking license (132) · Neobanks available in Europe (144) · Neobanks that issue a Mastercard (150)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.