The Enthusiast: Founders and VCs beyond the Valley cover image

[Operator Stories] Mikhail Lomtadze (Kaspi) on building a $20Bn business out of Kazakhstan, the superapp strategy and secrets on execution

The Enthusiast: Founders and VCs beyond the Valley

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Innovating Kazakhstan: The Rise of Kaspi

This chapter explores the development and impact of Kaspi, a groundbreaking super-app in Kazakhstan that integrates various services like e-commerce and payment processing. The speaker shares insights from their transition from investment to leadership while highlighting the unique challenges of operating in emerging markets. Emphasizing the importance of adaptability and team dynamics, the chapter illustrates how simplicity in product development fosters collective growth alongside user engagement.

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