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.

While we acknowledge the potential of KSPI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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