David Shapiro's questions to Kaspi.kz AO (KSPI) leadership • Q3 2024
Question
David Shapiro of Vanshap Capital asked how Kaspi plans to motivate Hepsiburada's founder and management team after acquiring a controlling share. He also questioned whether the expansion into Turkey and potential entry into Uzbekistan means Kaspi's plate is full for further international growth.
Answer
CEO Mikheil Lomtadze highlighted the strong alignment of vision and values with Hepsiburada's founder, Hanzade, who will assist in a smooth transition. He expressed confidence in the collaborative potential between the two entrepreneurial companies. Regarding expansion, he noted that the Turkish and Uzbek markets are exciting and will 'surely keep us busy,' suggesting a focus on these regions for the time being while referencing the broader goal of serving a 100-million-person market.