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Yerkin Tatishev of Kusto Group Invests in Most Holding

by Jessica Weisman-Pitts
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Yerkin Tatishev, Chairman of Kusto Group, and Askat Sagdiev, a prominent entrepreneur, have made a strategic investment in Most Holding. The move marks a significant milestone for the company, which is now poised to expand its digital offerings, including the creation of a neobank, a new investment fund in Singapore and scaling IT hubs. These initiatives aim to bolster Kazakhstan’s burgeoning tech and financial sectors.

This development is not just another business venture for Yerkin Tatishev. As a well-known business leader, he has long supported innovation and entrepreneurial growth in Kazakhstan. Kusto Group, under his leadership, has diversified across multiple industries, including construction, agriculture, energy, and real estate. Now, Tatishev is taking a strong interest in Most Holding’s digital ecosystem, which aims to revolutionize the country’s banking sector.

Yerkin Tatishev and Kusto Group’s Strategic Vision

The decision by Yerkin Tatishev to invest in Most Holding aligns with his broader vision for integrating digital solutions into traditional business sectors. Kusto Group has successfully leveraged its global reach and expertise across industries to support innovative projects. Now, Tatishev is channeling his resources into a company that is set to redefine how entrepreneurs in Kazakhstan access capital.

Most Neobank, one of the key initiatives funded by Tatishev’s investment, is designed to provide fast and convenient financial services to online platforms and businesses, particularly in the tech sector. This new venture will focus on offering short-term, unsecured loans to IT companies, filling a critical gap in the financial services market.

According to Yerkin Tatishev, the neobank will help bridge the divide between the real economy and digital solutions.

“I am investing in Most and supporting the development of its ecosystem. I believe that new approaches can emerge at the intersection of the real economy and digital IT solutions, which will help entrepreneurs in Kazakhstan solve pressing problems that current market players cannot address,” Tatishev said.

A Push for Kazakhstan’s Digital Economy

Yerkin Tatishev’s investment in Most Holding comes at a time when Kazakhstan is positioning itself as a leader in the Central Asian tech industry. The country has seen significant growth in venture deals and IT exports, and the establishment of a neobank is expected to further fuel this trend. Tatishev’s involvement, along with the backing of Kusto Group, adds credibility to the venture and ensures that it will have the resources to scale quickly.

Askat Sagdiev, Tatishev’s investment partner, emphasized the potential for Most Holding’s ecosystem to serve as a conduit for startups and venture investors in Kazakhstan.

“Kazakhstan has become one of the regional leaders in venture deals in the IT industry over the past few years. The sector’s export revenue has grown more than tenfold in the last three years, and it could reach the billion-dollar level soon,” Sagdiev noted.

Kusto Group’s Role in Fostering Innovation

Kusto Group, led by Yerkin Tatishev, has a history of supporting transformative projects that have a long-lasting impact on Kazakhstan’s economy. The company operates in multiple industries, including real estate development, agribusiness, and oil and gas, while also exploring new opportunities in digital innovation.

In this latest move, Kusto Group is investing not only in financial growth but also in human capital. Tatishev has expressed his desire to retain local talent in Kazakhstan and encourage those who have left to return. “I also want local talents to stay in Kazakhstan, and those who left for bigger opportunities to return home,” Tatishev stated.

By investing in Most Neobank, Tatishev and Kusto Group are creating a financial platform that will support innovation-driven businesses in the IT sector. This will not only foster entrepreneurship but also help position Kazakhstan as a tech hub in the region.

Most Holding’s Ambitious Plans

Most Holding’s plans extend beyond the neobank. The company is also launching an investment fund in Singapore, targeting global capital markets to diversify its portfolio. With a solid foundation already established through Most Ventures, which manages two funds valued at $5 million and $30 million, the Singapore-based fund is expected to bring even more capital into Kazakhstan’s growing tech ecosystem.

Pavel Koktyshev, a partner in Most Holding, is currently undergoing acceleration for the neobank project at Alchemistx in Silicon Valley, further emphasizing the company’s commitment to leveraging international expertise. The goal is to bring best-in-class digital banking solutions back to Kazakhstan, where they can be adapted to meet the needs of local entrepreneurs.

Yerkin Tatishev’s Role in the Future of Kazakhstan’s Financial Tech Landscape

Yerkin Tatishev’s investment in Most Holding and its neobank project signifies a turning point for Kazakhstan’s financial technology landscape. With Kusto Group’s backing, Most Holding is poised to become a key player in providing much-needed financial services to startups and IT companies that have traditionally struggled to secure funding.

The neobank’s focus on short-term, unsecured loans is particularly important for Kazakhstan’s growing tech sector, which often faces long wait times and stringent requirements when seeking traditional loans. By offering quick and accessible financial support, Most Neobank aims to empower local entrepreneurs and contribute to the growth of the national economy.

With Yerkin Tatishev and Kusto Group leading the way, Most Holding is on the verge of transforming Kazakhstan’s banking and venture capital industries. As the country continues to embrace digital innovation, the partnership between Tatishev, Sagdiev, and Most Holding could set a new standard for financial services in the region.