Teniz Capital strengthens its presence in Central Asia. A new era begins for Tabys. Yerlan Soltanov takes the reins as CEO.
The Kazakh financial landscape is enriched by a major advance with the acquisition of a significant stake in Tabys by Teniz Capital Investment Banking. This strategic collaboration promises to energize the fintech market, providing investors with simplified access to stock markets and an increased diversity of financial products. Thanks to the expertise of Yerlan Soltanov, the new CEO, Tabys will benefit from strengthened support, backed by the teams at Teniz and the International Financial Center Astana Authority (AIFC).
Tabys, already a well-regarded platform with over 21,000 active clients, is set to expand its offerings beyond local borders. Users will now be able to explore stocks and bonds listed on the AIX, as well as international markets, while taking advantage of advanced analytical tools to optimize their investment portfolios. This integration marks a key step in Teniz’s mission to foster innovation and support entrepreneurship by enabling everyone to realize ambitious projects.
The immediate merger of the entities ensures a smooth transition, where Tabys will continue to operate from the AIFC with client accounts managed by the Astana International Exchange Central Securities Depository. The arrival of Yernar Zhanadil on Tabys’ board further strengthens governance and alignment of visions to unlock the potential of Kazakhstan’s financial industry.
This initiative is not limited to enhancing financial services; it also encompasses a strengthened educational dimension. Users will have access to improved educational resources, thus facilitating the acquisition of essential knowledge and the creation of diversified investment portfolios. Teniz and Tabys are thus positioning themselves as indispensable players, ready to transform the financial landscape of the region.
The financial landscape in Central Asia is undergoing significant transformation thanks to the strategic expansion of Teniz Capital Investment Banking. Recently, Teniz Capital Brokerage Ltd, a subsidiary of Teniz Capital Investment Bank, acquired a 49% stake in the fintech company Tabys, owned by the Astana International Exchange (AIX). This acquisition marks a crucial step in the development of fintech in Kazakhstan and strengthens Teniz Capital’s position in the investment banking sector.
What is Tabys’ role in the Kazakh fintech sector?
Tabys has established itself as one of the leading fintech players in the Central Asian market since its creation in 2020 by the AIX. By facilitating individual access to financial markets through exchange-traded notes and simplified investment processes, Tabys has attracted over 21,000 active clients. The platform offers various services, including purchasing securities, participating in IPOs, and investing in golden coins issued by the National Bank of Kazakhstan. Furthermore, Tabys integrates educational materials aimed at improving users’ financial literacy.
With the acquisition by Teniz Capital, Tabys will benefit from new resources and enhanced expertise. According to Zharas Mussabekov, CFO of the AIX, this merger will expand opportunities for Kazakh investors by offering a broader range of financial instruments while remaining within a familiar ecosystem. Additionally, integration with Teniz Capital opens international prospects, allowing users access to global markets and an extensive range of financial products.
What are the benefits of this acquisition for Teniz Capital?
The acquisition of 49% of Tabys by Teniz Capital represents a strategic initiative aimed at strengthening Teniz’s position in the investment banking and fintech sector. By closely collaborating with Tabys, Teniz Capital can offer its clients innovative and diversified financial services, thus meeting the growing demand for advanced fintech solutions. According to Saken Usser, the majority shareholder of Teniz Capital, this merger constitutes a new step in the development of Teniz as a major banking institution in Central Asia.
Moreover, the immediate integration of the Tabys and Teniz Capital teams, supported by Teniz personnel and the AIFC, allows for effective synergy and strategy alignment. This collaboration also reinforces Teniz Capital’s position in the field of investment banking and brokerage in the region. By leveraging Tabys’ skills and resources, Teniz Capital can offer more comprehensive and innovative financial services, thus attracting a broader and more diverse clientele.
How does this acquisition impact the fintech market in Central Asia?
The acquisition of Tabys by Teniz Capital has significant repercussions for the fintech market in Central Asia. By consolidating its presence in the financial sector, Teniz Capital contributes to the evolution and maturation of the local fintech ecosystem. This initiative aligns with a broader trend in which traditional investment banks invest in fintech startups to leverage technological innovation and respond to changing consumer needs.
The strengthening of Tabys with Teniz Capital’s support enables the platform to extend its services beyond the domestic market. Current Tabys clients will now benefit from easier access to shares and bonds listed on the AIX, as well as to international markets. This expansion opens up new opportunities for investors, providing them with the ability to diversify their portfolios with varied and accessible financial instruments.
Furthermore, the integration of professional market analysts and securities analysis capabilities into the Tabys platform enhances the quality of services offered. This promotes more informed and strategic investment decision-making, thus reinforcing users’ confidence in local fintech services.
What are the future projects and perspectives for Tabys under Teniz Capital’s leadership?
With Yerlan Soltanov appointed CEO of Tabys, the company is ready to embark on a new phase of growth and innovation. Under Soltanov’s leadership, Tabys will benefit from Teniz Capital’s expertise and resources to develop and enhance its financial service offerings. The goal is to create an even more robust and intuitive fintech platform capable of addressing the evolving needs of modern investors.
Teniz Capital also plans to introduce new educational features on Tabys, aimed at further improving users’ financial literacy. By providing advanced analytical tools and educational resources, Tabys aims to empower investors by equipping them with the knowledge needed to make informed decisions.
Moreover, the expansion of Tabys’ services internationally is a key priority. Teniz Capital plans to develop strategic partnerships with global financial institutions to offer its clients direct access to international markets. This expansion will allow Tabys users to build diversified portfolios, taking advantage of opportunities presented by global financial markets.
How does this acquisition fit into Teniz Capital’s overall strategy?
The acquisition of Tabys by Teniz Capital aligns perfectly with the company’s overall strategy to diversify its services and strengthen its position in the financial market. By integrating an innovative fintech like Tabys into its portfolio, Teniz Capital demonstrates its commitment to adopting cutting-edge technologies and meeting the needs of contemporary investors.
This approach is part of a larger initiative by Teniz Capital to digitalize its services and offer modern financial solutions. By investing in fintech platforms, Teniz Capital can provide faster, more efficient, and more accessible services to its clients, while leveraging the advantages of technological innovation.
Additionally, this acquisition strengthens Teniz Capital’s capabilities in terms of investment banking and brokerage, thereby expanding its service portfolio and increasing its competitiveness in the regional market. By collaborating with innovative fintech players, Teniz Capital can remain at the forefront of financial trends and anticipate market developments.
What are the reactions from the market and experts?
The acquisition of Tabys by Teniz Capital has been well received by financial market players and fintech experts. This initiative is seen as a positive sign of the maturation and consolidation of the fintech market in Central Asia. Analysts believe that this merger will bring significant added value to both entities by combining Teniz Capital’s strengths in investment banking with Tabys’ technological expertise.
According to a recent study on blockchain-depuis-2022/”>the fintech sector in Hong Kong, investments in fintech continue to grow rapidly, particularly thanks to the adoption of blockchain and other emerging technologies. This trend is also observed in Kazakhstan, where initiatives like Teniz Capital’s are stimulating innovation and competitiveness.
On the other hand, challenges regarding regulation and the security of fintech platforms remain major concerns. However, with the support of Teniz Capital and compliance with the regulations of the Astana International Exchange, Tabys is well positioned to navigate this complex environment and provide safe and reliable services to its users.
What links can we explore to learn more?
To deepen your understanding of the dynamics of the fintech market and recent developments in the sector, you can consult the following articles:
- Update: markets plunge into correction territory, the fintech IPO index drops 48%
- The success story of Michael Wystrach, CEO of Freshly and a key player in the fintech sector
- Klarna’s IPO rekindles hope for British fintech listings
- A spectacular fintech stock down 80%, a must-grab in April
- The fintech sector in Hong Kong experiences explosive growth of 250% due to blockchain since 2022
