EX-21.1 24 d425809dex211.htm EX-21.1

Exhibit 21.1

JOINT STOCK COMPANY KASPI.KZ

SUBSIDIARIES OF THE REGISTRANT

Legal Name |  | Jurisdiction of Organization |  | Ownership
ARK Balance LLC |  | Kazakhstan |  | 98.95%
Budus-Invest LLC |  | Ukraine |  | 100%
Budus Investments Limited |  | Cyprus |  | 100%
Digital Classifieds LLC |  | Azerbaijan |  | 100%
Digital Classifieds OU |  | Estonia |  | 100%
FC IBC LLC |  | Ukraine |  | 100%
JSC Kaspi Group |  | Kazakhstan |  | 100%
Kaspi Bank JSC |  | Kazakhstan |  | 98.95%
Kaspi Cloud LLC |  | Kazakhstan |  | 100%
Kaspi Office LLC |  | Kazakhstan |  | 100%
Kaspi Pay LLC |  | Kazakhstan |  | 100%
Kaspi Shop LLC |  | Kazakhstan |  | 100%
Kaspi Travel LLC |  | Kazakhstan |  | 100%
JSC Kolesa |  | Kazakhstan |  | 39.758% (51% voting rights)
Magnum E-Commerce Kazakhstan LLC |  | Kazakhstan |  | 90.01%
MIT Software LLC |  | Kazakhstan |  | 90.01%
Portmone LLC |  | Ukraine |  | 100%
KOLESA LLC |  | Uzbekistan |  | 39.758% (51% voting rights)
Kolesa Auto LLC |  | Kazakhstan |  | 39.758% (51% voting rights)