Joint Stock Company Kaspi.kz (KSPI) Updates About Rabobank A.Ş. Acquisition, Here’s What You Need to Know

​Joint Stock Company Kaspi.kz (NASDAQ:KSPI) is one of the Best Up and Coming Tech Stocks to Buy. On November 28, Joint Stock Company Kaspi.kz (NASDAQ:KSPI) released an update regarding its ongoing acquisition of Rabobank A.Ş., which is a subsidiary of Turkish Rabobank. Management had announced signing a purchase agreement with Rabobank Group earlier on March 27. The company now expects to close this transaction in mid-2026, subject to the required regulatory approvals and customary closing conditions.

​In addition, earlier on November 10, Joint Stock Company Kaspi.kz (NASDAQ:KSPI) released its fiscal Q3 2025 results. The company grew its consolidated quarterly revenue by 20% year-over-year to ₸ 797 billion ($1.56 billion), along with the net income of ₸ 307 billion ($614.6 million), reflecting 12% year-over-year growth. The quarterly performance was driven by growth across the board, including a 10% growth in Payments revenue and 24% growth in Marketplace and Fintech revenue year-over-year.

​However, management noted that the quarterly performance was impacted by a supply shortage of smartphones and iPhones, which impacted GMV and revenue growth in Q3. Regardless of the slowed growth, the share price of the company has risen by around 5% since the release.

​Joint Stock Company Kaspi.kz (NASDAQ:KSPI), headquartered in Almaty, the Republic of Kazakhstan, is a provider of payments, marketplace, and fintech solutions for both consumers and merchants. Founded in 2008, the company is committed to improving people’s lives through its innovative products.

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Disclosure: None. This article is originally published at Insider Monkey.