The company is issuing the following statement following the research report published by Culper Research today:
In our view, the report is misleading, inaccurate and misrepresents our business.
Being the first company from Kazakhstan to successfully list on Nasdaq has obviously raised our profile amongst short sellers.
For those investors who have known us over the years, our reputation speaks for itself.
Kaspi.kz’s mission is to improve people’s lives by developing innovative mobile products and services. To deliver upon this we operate a unique two-sided Super App model – the Kaspi.kz Super App for consumers and the Kaspi Pay Super App for merchants.
Through these Super Apps consumers and merchants can access our leading Payments, Marketplace, and Fintech Platforms. All our services are designed to be highly relevant to users’ everyday needs and enable consumers and merchants to connect and transact, using our proprietary payments network.
