CEO Timur Turlov announced plans to acquire a bank and a local marketplace in Kazakhstan. The acquisition aims to expand Freedom Bank’s corporate client base. The target bank is comparable in size to Freedom Bank.
Freedom Holding is also pursuing international expansion by acquiring a second-tier bank in Turkey. This Turkish bank holds approximately $300 million in capital.
To fund these growth initiatives, Freedom Holding contemplates issuing bonds worth up to $500 million.
Turlov intends to develop the company's SuperApp into a comprehensive digital ecosystem within the U.S. market. The company is exploring options, including obtaining a fintech license or partnering with a local bank.