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ACQUISITIONS OF SUBSIDIARIES
 12 Months Ended
Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
ACQUISITIONS OF SUBSIDIARIES ACQUISITIONS OF SUBSIDIARIES
On May 17, 2022, the Company acquired two insurance companies in Kazakhstan, a life insurance company, Freedom Life, and a direct insurance carrier, Freedom Insurance, which provides compulsory insurance, medical insurance, apartment insurance, and auto insurance. Prior to acquiring these companies, each was wholly owned by controlling shareholder, chairman and chief executive officer, Timur Turlov, who acquired Freedom Finance Life on March 14, 2018 and Freedom Finance Insurance on August 22, 2018 from a non-related party. The Company acquired these companies from him at the historical cost paid by him plus amounts he has contributed as additional paid in capital since his purchase. These companies were not initially acquired directly by the Company because at the time they were put on the market for sale by their prior owner they did not have audit reports conforming to U.S. GAAP standards and had not demonstrated sustained profitability. The purchase price for Freedom Insurance was $13,977 and the purchase price for Freedom Life was $12,611.
Acquisition of Freedom Life
When preparing the consolidated financial statements for the year ended March 31, 2023, management determined that this acquisition should be accounted for under the pooling of interest method and as a result recasted the comparative financial information. The acquisition from Timur Turlov was deemed to be under common control with the Company since it was acquired on February 28, 2018. The transaction has been accounted for as a restructuring transaction and all the assets and liabilities of Freedom Life were transferred to the Company at their respective carrying amounts on the date of transaction.
As of the acquisition date by Timur Turlov, the fair value of Freedom Life was $12,076. The total purchase price was allocated as follows:
Purchase price allocation
As of February 28, 2018
ASSETS
Cash and cash equivalents$3,494 
Due from banks2,514 
Loans issued2 
Other assets1,671 
Assets from insurance activity3,729 
Deferred acquisition costs542 
Available-for-sale securities, at fair value15,842 
Fixed assets171 
Intangible assets5,823 
Deferred tax assets141 
TOTAL ASSETS33,929 
Deferred income tax liabilities47 
Other liabilities139 
Liabilities from insurance activity21,667 
TOTAL LIABILITIES 21,853 
Net assets acquired12,076 
Goodwill 526 
Total purchase price7,009 
Fair value of non-controlling interest at acquisition5,593 
For more information on how the acquisition impacted the Company's consolidated financial statements for the comparative years, please refer to Note 3 "Recast" to these consolidated financial statements.
Acquisition of Freedom Insurance
When preparing the consolidated financial statements for the year ended March 31, 2023, management determined that this acquisition should be accounted for under the pooling of interest method and as a result recasted the comparative financial information. The acquisition from Timur Turlov was deemed to be an entity under common control with the Company since it was acquired on August 22, 2018. The transaction has been accounted for as a restructuring transaction and all the assets and liabilities of Freedom Insurance were transferred to the Company at their respective carrying amounts on the date of transaction.
As of the acquisition date by Timur Turlov, the fair value of Freedom Insurance was $4,101. The total purchase price was allocated as follows:
Purchase price allocation
As of August 22, 2018
ASSETS:
Cash and cash equivalents$1,224 
Due from banks1,041 
Other assets17 
Assets from insurance activity45 
Current income tax asset5 
Available-for-sale securities, at fair value1,846 
Fixed assets2 
Intangible assets207 
Deferred tax assets2 
TOTAL ASSETS4,389 
Other liabilities214 
Liabilities from insurance activity74 
TOTAL LIABILITIES288 
Net assets acquired4,101 
Goodwill187 
Total purchase price4,288 
For more information on how the acquisition impacted the Company's consolidated financial statements for the comparative years, please refer to Note 3 "Recast" to these consolidated financial statements.
Acquisition of London-Almaty
On September 1, 2022, the Company completed the acquisition of Insurance Company IC "London-Almaty", following receipt of the approval from the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market, by purchasing 100% of its outstanding shares. The Company acquired IC "London-Almaty" to expand its presence in the insurance sector. This acquisition was accounted for under the purchase accounting method as it was not an acquisition of entities under common control.
As of September 1, 2022, the date of the acquisition of IC "London-Almaty", the fair value of IC "London-Almaty" was $15,858. The total purchase price was allocated as follows:
As of September 1, 2022
ASSETS
Cash and cash equivalents$8,077 
Due from banks2,176 
Trading securities6,178 
Value of business acquired1,677 
Assets from insurance activities3,401 
Fixed assets806 
Intangible assets127 
Other assets1,505 
TOTAL ASSETS23,947 
Insurance reserves6,380 
Liabilities from insurance activity1,429 
Other liabilities280 
TOTAL LIABILITIES8,089 
Net assets acquired15,858 
Goodwill485 
Total purchase price$16,343 
On December 15, 2022, IC "London-Almaty" was merged into Freedom Insurance and its separate legal existence was terminated. The assets and liabilities of IC "London-Almaty" were transferred to Freedom Insurance at their respective carrying amounts on the date of the merger was completed.
Acquisition of Ticketon
As of September 30, 2022, the date of the acquisition of Ticketon by purchasing 100% of its authorized capital. The Company acquired Ticketon to accelerate its growth in fintech sector. This acquisition was accounted for under the purchase accounting method as it was not an acquisition of entities under common control. The fair value of Ticketon on the date of the acquisition was $1,233. The total purchase price was allocated as follows:

As of September 30, 2022
ASSETS
Cash and cash equivalents$3,079 
Brokerage and other receivables175 
Fixed assets47 
Intangible assets1,424 
Right-of-use asset63 
Other assets627 
TOTAL ASSETS5,415 
Deferred income tax liabilities36 
Lease liability79 
Other liabilities4,067 
TOTAL LIABILITIES4,182 
Net assets acquired1,233 
Goodwill1,771 
Total purchase price$3,004 

Acquisition of Paybox
On February 10, 2023, the Company completed the acquisition Kazakhstan company Paybox Technologies LLP and its subsidiaries ("Paybox") in order to expand activities in the field of financial technologies. The purchase price for the acquisition of Paybox was $11,659. This acquisition was accounted for under the purchase accounting method as it was not an acquisition of entities under common control.
As of February 10, 2023, at the date of the acquisition the fair value of Paybox Technologies LLP and its subsidiaries was $11,659. The total purchase price was allocated as follows:

As of February 10, 2023
ASSETS
Cash and cash equivalents5,429 
Trading securities3,838 
Brokerage and other receivables1,726 
Fixed assets1,080 
Intangible assets3,288 
Right-of-use asset341 
Goodwill932 
Other assets454 
TOTAL ASSETS17,088 
Securities repurchase agreement obligations3,037 
Trade payables799 
Lease liability993 
Other liabilities600 
TOTAL LIABILITIES5,429 
Net assets acquired11,659 
Goodwill— 
Total purchase price11,659 
Acquisition of LD Micro
As of March 2, 2023, the date of acquisition, the fair value of LD Micro comprised $2,526. This acquisition was accounted for under the purchase accounting method as it was not an acquisition of entities under common control. The total purchase price was allocated as follows:
As of March 2, 2023
ASSETS
Intangible assets2,540 
TOTAL ASSETS2,540 
Trade payables14 
TOTAL LIABILITIES14 
Net assets acquired2,526 
Goodwill5,774 
Total purchase price8,300