Kaspi Bank JSC

Kaspi operates the largest payments system in Kazakhstan and offers users a so-called superapp that lets them buy goods and travel services in addition to do e-banking transactions. Baring Vostok Capital Partners Ltd., the Moscow-based private equity fund set up by U.S. investor Michael Calvey, bought a stake in the company in 2006 and put Lomtadze in charge the following year. Goldman Sachs Group Inc. was another early investor.