Early Life and Education
Mikhail Lomtadze was born in Batumi, Georgia, on October 17, 1975. He obtained a BBA degree from the European School of Management in Georgia in 1997. He furthered his education with an MBA from Harvard Business School in 2002. While in university, he started a consulting company, later selling it to Ernst & Young.
Rise to Success
Lomtadze's career began in financial and investment institutions. In 2006, he became a board member of Caspian Bank in Kazakhstan. He joined Baring Vostok Capital Partners and became a partner. He took the helm of Kaspi (formerly Caspian Bank) as CEO after Baring Vostok invested in the company in 2006. Under Lomtadze's leadership, Kaspi transformed into the largest fintech company in Kazakhstan. Kaspi.kz went public on the London Stock Exchange in October 2020.
Key Business Strategies
Kaspi.kz operates as a super app, offering payments, marketplace, and fintech services. The company focuses on innovation, including launching new services frequently. Kaspi's strategy emphasizes customer experience and ease of use. The company's success has been driven by its mobile-centric approach and comprehensive service offerings.
Philanthropy
Lomtadze is involved in philanthropy, supporting Kazakh veterans, children requiring medical treatment, children with autism, and various cultural and business-educational events.
