Kaspi.kz reports Q1 revenue up 40% year-over-year

Mikheil Lomtadze, Kaspi.kz CEO and co-founder, said, “Having completed our US listing on Nasdaq, we’re 100% focussed upon execution. During the first quarter, top-line growth momentum remained strong across all areas of our business. As was the case last year, e-Commerce keeps going from strength to strength, with GMV up 114% year-over-year. Within this, e-Grocery GMV increased 125% year-over-year. Kaspi.kz is the market leader in e-Commerce and e-Grocery and as we have said previously, we believe these two areas offer amongst the biggest opportunities for us to create value for both our customers and shareholders, over the next couple of years.”