Dan Mikeal's questions to Kaspi.kz AO (KSPI) leadership • Q4 2024
Question
Dan Mikeal asked what Kaspi could do differently to grow Hepsiburada's existing credit franchise and whether Kaspi intended to retain Hepsiburada's current senior executive team.
Answer
CEO Mikheil Lomtadze affirmed that Kaspi has no intention of replacing Hepsiburada's 'very strong management team,' stating the goal is to build capabilities on the ground and share knowledge. Regarding credit, he said Kaspi will assess the need for innovation based on Turkish consumer and merchant demand, emphasizing that Hepsiburada's core strength is its e-commerce platform, which provides a solid foundation.