Yerkin Tatishev and Askhat Sagdiyev invested in the growth of the innovative MOST ecosystem

MOST Holding announces the beginning of a new stage of development. Two strategic partners Yerkin Tatishev, owner and chairman of the Kusto Group, as well as Askhat Sagdiyev, an entrepreneur with 30 years of experience in investment banking spheres, invested in the company. The funds received will be used to launch a number of key initiatives, including the creation of a non-bank, the opening of an investment fund in Singapore and the scaling of IT hubs.

"I invest in MOST and support the development of its ecosystem. I am sure that at the intersection of the real economy and digital IT solutions, new approaches may emerge that will help entrepreneurs of our country solve urgent problems that today's market players cannot cope with. MOST combines modern digital technologies with traditional business challenges, creating innovative solutions that can change the rules of the game. I also want local talents to stay in Kazakhstan and those who left for great opportunities to return to their homeland. Here they will be able to apply their knowledge, ideas and skills, creating and developing new projects that will move the country forward," said investor and businessman Yerkin Tatishev

MOST Neobank will become a financial partner for online platforms and entrepreneurs. Specializing in short-term unsecured loans for IT business and other sectors, MOST applies innovative technologies for accelerated analysis and decision-making. The new Data Driven platform will allow you to quickly and with minimal formalities provide loans both directly and through the partner network, including marketplaces and applications.

"Our experience with the venture fund shows that not all startups meet the selection criteria or face a long decision-making process. In addition, not all financial institutions are ready to provide loans to IT companies without a fixed pledge. Our neobank is designed to be a quick and convenient solution to this problem, providing entrepreneurs with access to the capital necessary for their growth and innovation. To create it, we are not limited to the experience of local players, so my partner and co-founder Pavel Koktyshev is now accelerating Alchemistx in Silicon Valley with this product," added Mirat Akhmetsadykov, CEO of MOST Holding.

Also, as part of the expansion of its international presence, MOST launches a new investment fund in Singapore. The country was chosen due to access to global capital markets and portfolio diversification opportunities. Recall that MOST Ventures under the leadership of managing partner Alim Khamitov already has two funds under management in the amount of $5 million and $30 million registered with the AIFC.

"In recent years, Kazakhstan has been one of the regional leaders in the number of venture transactions in the IT industry. The export revenue of the industry has grown by more than an order of magnitude over the past three years and has a chance to reach a billion-dollar level in the coming years. The Most Holding ecosystem has established itself as a successful guide for startups and venture investors in the Central Asian region and one of the leaders of the fast-growing venture industry in Kazakhstan. That is why I decided to join Most Holding as an experienced investor in order to directly participate in the rapid development of this promising segment of the new economy for Kazakhstan," investor Askhat Sagdiyev said.

In addition, MOST continues to develop its ecosystem by scaling innovative IT hubs in Kazakhstan and abroad, developing a community of investors with the help of the new club of business angels MOST Club.

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Askhat Sagdiyev is a graduate of Bauman Moscow State Technical University and California State University East Bay. In different years he was one of the heads of the subsidiary "Kazkommertsbank" in the Russian Federation, CEO of East Capital, Univer Group, was a member of the Board of Directors "NAUFOR" and the RTS exchange. Has extensive experience in raising capital for many companies.