Turlov: "I want Freedom to be looked at as more than just a Kazakhstani company"
According to the founder of Freedom Holding, the company feels empowered to compete with giants from Europe and the United States
Timur Turlov at the Freedom Inside forum / Photo: kz.kursiv.media / Serikzhan Kovlanbaev
The market underestimates the technological and growth potential of Freedom Holding outside of Kazakhstan, said Timur Turlov, the holding's founder, at the Freedom Inside forum in Astana April 9.
"I want investors to look at Freedom not only as a Kazakhstani company. We are Kazakhstani in origin, but very global in our ambitions," Turlov said.
According to him, the technological platform and culture of working with the client that Freedom has built in Kazakhstan is not just an asset of one market, but a template that can be deployed in other countries. This template allows for faster entry into each new market. Turlov cited Tajikistan as an example: according to him, it is planned to develop there in two years an ecosystem similar to the one built in Kazakhstan in the first ten years. Freedom is also preparing to enter Georgia and Turkey and is waiting for the relevant regulatory approvals, the holding's founder said.
"We have acquired more than 5.5 million new customers in the last 18 months through our SuperApp alone. We are convinced that the scaling potential of this solution can keep up with our esteemed competitors, giant companies from Europe and the US," Turlov said. - Revolut is now valued at almost $100 billion, and if we look at our product solutions and our product teams, we definitely feel we have the strength to compete. We don't see any reason why it can't happen to us."
According to Turlov, it is difficult for the market to evaluate Freedom Holding because it has no good analogs in the world. "This is both our problem and our opportunity. The problem is because the market doesn't know the analog and just in case evaluates it at the lower end of the range. Opportunity - because the correct valuation has not happened yet and those who understand our logic before anyone else will be able to see the value before the market does."
Freedom Holding's capitalization on the U.S. Nasdaq exchange now stands at $9.6 billion. The stock has risen nearly 30% this year, but remains about 17% cheaper so far this year compared to its record high of August 2025.
This article was AI-translated and verified by a human editor
