RISE Research
RISE Research is a privately-held market intelligence firm based in Almaty, Kazakhstan that produces annual research reports on venture capital, fintech, AI, and digital assets across Central Asia and the CIS, serving VC investors, startups, governments, and financial institutions via sponsored co-publications.
- Company typePrivate
- Founded-
- HeadquartersAlmaty, Kazakhstan
- Headcount1–10
- GTM typeB2B
- OfferingServices
What RISE Research does
RISE Research is a privately-held market intelligence firm headquartered in Almaty, Kazakhstan, specializing in data-driven research on innovation ecosystems across Central Asia and the CIS. The firm's core product is a portfolio of eight PDF research reports covering venture capital, fintech, AI, startups, tech ecosystems, and digital assets, produced in a recurring annual cadence from 2022 onward. Its underlying offering rests on a proprietary dataset of approximately 2,000 startups and 500+ VC deals across five Central Asian markets (Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan, Turkmenistan), supported by data partnerships with Crunchbase and Dealroom for global benchmarking.\n\nThe business operates a hybrid revenue model combining sponsored co-published reports and downloadable research subscriptions. Institutional sponsors — including Mastercard, KPMG, Freedom Bank, NPCK, AIFC, the Ministry of AI and Digital Development of Kazakhstan, and 10+ others — co-fund report production in exchange for brand association and exclusive insights. Reports are distributed via the firm's website (rise.com.kz) in English, Russian, and Kazakh, with PDFs hosted on Google Drive. Distribution is amplified through partner networks and presentations at regional events such as CEVF 2026 in Tashkent and Astana Hub.\n\nThe firm is led by Director Ainur Zhanturina and operates with a 1–10 person team. Customer segments span four primary groups: venture capital investors and fund managers (deal sourcing and benchmarking), startups and entrepreneurs (market intelligence), government and regulatory bodies (policy data), and financial institutions (market expansion planning). The company has no disclosed external funding, ownership structure, or revenue figures. Operational status is active, with continued report launches through 2026.
RISE Research firmographics
Firmographics- Name
- RISE Research
- Legal name
- RISE Research
- Website
- https://rise.com.kz
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- RISE Research is a privately-held market intelligence firm based in Almaty, Kazakhstan that produces annual research reports on venture capital, fintech, AI, and digital assets across Central Asia and the CIS, serving VC investors, startups, governments, and financial institutions via sponsored co-publications.
- Ownership category
- akta.pro rank
RISE Research industry classification
Industry- Product category
- Market Intelligence & Research
- NAICS
- Marketing Research and Public Opinion Polling (54191), Publishing Industries (513)
- SIC
- Miscellaneous Publishing (2741)
- akta.pro primary industry
- Due Diligence & Investigative Research (BPAHALAI)
Keywords
Where RISE Research is headquartered
LocationHeadquarters
- HQ city
- Almaty
- HQ country
- Kazakhstan
- HQ region
- Asia
Offices1 record
Markets served
RISE Research business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Research Reports: Sale of premium market research reports on AI, Fintech, Venture Capital, Startups, Tech Ecosystems, and Digital Assets. Reports are produced in partnership with major organizations and made available as downloadable PDFs, typically priced for institutional audiences.
- Partnership Reports with Industry Sponsors: Sponsored research produced in partnership with organizations such as Mastercard, Freedom Bank, NPCK, KPMG, AIFC, and government ministries. Partners co-fund research production and gain brand visibility and exclusive insights.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Individual research reports available for download |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
RISE Research product offering
Product offeringCore offering
RISE Research publishes in-depth market intelligence reports covering AI, Fintech, Venture Capital, Startups, Tech Ecosystems, and Digital Assets across the CIS and Central Asia region. The company produces annual country-level and regional reports on venture capital, fintech, AI landscapes, and digital assets, available as downloadable PDFs. Reports are co-published with institutional partners including Mastercard, KPMG, Freedom Bank, AIFC, government ministries, and industry associations.
Product overview
RISE Research is a market intelligence platform providing in-depth research reports on AI, Fintech, Venture Capital, Startups, Tech Ecosystems, and Digital Assets across the CIS and Central Asia region. The company operates as a single product line of specialized research publications rather than a modular platform. Their portfolio consists of eight distinct research reports covering venture capital trends (VC in Central Asia series from 2023-2026), country-specific AI analysis (Kazakhstan AI Country Report 2025), fintech market reports for Kazakhstan (2022, 2024) and Uzbekistan (2023), and digital assets analysis (2024). Reports are available as downloadable PDFs and cover specific analytical domains with quantitative metrics and strategic insights for investors and ecosystem stakeholders.
Differentiator
Problem solved
Functional benefit
Products and services
- Startups and Venture Capital in Central Asia 2026 Comprehensive analysis of the region's venture landscape covering record $320M VC funding in 2025, Kazakhstan's $2.16B startup valuation, and the $1B Fund of Funds launch, including assessment of pipeline gaps and capital requirements. For VC investors, fund managers, and ecosystem stakeholders.
- Kazakhstan AI Country Report 2025 Comprehensive analysis of Kazakhstan's AI landscape with $73M in AI venture investments, 100+ AI startups, approximately 2,000 NVIDIA GPUs deployed, government initiatives, and 54% AI adoption rate across industries. For investors, government bodies, and AI ecosystem participants.
- VC in Central Asia 2024 Analysis of $95M total VC volume with 7% year-over-year growth, including Kazakhstan's 35% VC growth with over 60 active investors and CIS benchmark comparisons. For venture investors and fund managers.
- Digital Assets in Central Asia & Caucasus 2024 In-depth analysis of regulatory frameworks and cryptocurrency adoption across the CIS region, covering 5+ countries with institutional interest metrics and CBDC outlook. For financial institutions, regulators, and crypto market participants.
- Fintech in Kazakhstan 2024 Tracks growth of Kazakhstan's fintech sector with 89% digital payments adoption, over 200 fintech startups, and 4x ecosystem growth since 2018. For fintech investors, financial institutions, and market entrants.
- VC Central Asia 2023 Retrospective analysis of 2023 venture capital market highlighting regional resilience and 5.5x deal growth from 2018-2023, with 6x startup ecosystem growth and 2.6x investor base expansion. For VC investors and ecosystem stakeholders.
- Fintech in Uzbekistan 2023
Quantifiable outcome
- Record $320M VC funding documented for Central Asia in 2025
- +3 more outcomes
Companies that use RISE Research
Customer profileSegments4 records
Ideal customer profiles4 records
RISE Research technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
RISE Research partnerships and signals
Strategic signalPartnerships
20 partnerships are on record, tiered core, flagship, major and minor.
- MastercardcoreOngoing partnership for fintech and digital payments research. Mastercard co-sponsors RISE Research reports including Fintech in Kazakhstan 2024 and Kazakhstan AI Country Report 2025, contributing to market analysis of digital payments (89% adoption rate) and AI adoption across the region.
- NPCK (National Payment Card Association of Kazakhstan)coreCo-published Fintech in Kazakhstan 2024 report documenting 200+ fintech startups and 4x ecosystem growth. NPCK provides industry expertise and access to payment ecosystem data for comprehensive market analysis.
- Freedom BankcorePartnered on Kazakhstan AI Country Report 2025 examining $73M in AI venture investments and 100+ AI startups. Freedom Bank contributes financial sector perspective on AI adoption and digital transformation in Kazakhstan.
- Ministry of AI (Ministry of Artificial Intelligence and Digital Development of Kazakhstan)flagshipGovernment partner for Kazakhstan AI Country Report 2025. Supported first comprehensive AI market overview with access to official AI strategy data, infrastructure deployment (~2,000 NVIDIA GPUs), and national AI adoption metrics. Report presented at Astana Hub official facility.
- KPMGcoreCo-published Digital Assets in Central Asia & Caucasus 2024 report covering regulatory frameworks and crypto adoption across 5+ CIS countries. KPMG contributes audit and regulatory expertise to digital assets market analysis.
- Alem Capital ManagementmajorCo-publishing partner for Startups and Venture Capital in Central Asia 2026 report documenting record $320M VC funding. Provides venture capital industry perspective and investment expertise.
- StanbasemajorCo-publishing partner for Startups and Venture Capital in Central Asia 2026 report. Contributes technology and startup ecosystem expertise to regional venture market analysis.
- Tarlan PaymentscoreCo-published Fintech in Kazakhstan 2024 report. Contributes payment industry expertise and market data on digital payments infrastructure development in Kazakhstan.
- CrunchbasecoreData partnership enabling RISE Research to access global startup funding data for Central Asian market analysis. Provides deal-level data for VC reports covering Kazakhstan, Uzbekistan, and broader Central Asia region.
- DealroomcoreData partnership providing European startup database coverage to enhance Central Asian market benchmarking. Enables comparative analysis of regional ecosystems against European and global counterparts.
- IT Park (Uzbekistan)majorPartner for Fintech in Uzbekistan 2023 report exploring untapped potential of Uzbekistan's fintech market with 36M+ population market size. IT Park provides local ecosystem access and startup community connections.
- Fintech Association UzbekistanmajorIndustry association partner for Fintech in Uzbekistan 2023 report. Provides regulatory insights and industry coordination for fintech market analysis in Uzbekistan.
- AIFC (Astana International Financial Centre)corePartner for Digital Assets in Central Asia & Caucasus 2024 report. AIFC contributes regulatory framework expertise from Kazakhstan's international financial center and fintech regulatory sandbox experience.
- Freedom HorizonscoreCo-published Digital Assets in Central Asia & Caucasus 2024 report. Contributes cryptocurrency and blockchain industry expertise for regulatory analysis and market assessment.
- EA GroupmajorPartner for VC Central Asia 2023 report covering 5.5x VC deal growth from 2018-2023. Contributes regional business intelligence and investment ecosystem expertise.
- Fintech ConsultcoreCo-published Fintech in Kazakhstan 2022 (Foundation Report) and Fintech in Uzbekistan 2023 reports. Provides specialized fintech consulting expertise for market analysis and regulatory assessment.
- MA7majorResearch partner for VC in Central Asia 2024 report covering $95M total VC volume. Contributes investment industry perspective and regional market expertise.
- Global VenturesmajorPartner for VC in Central Asia 2024 report. Contributes venture capital expertise and MENA/CIS investment network perspective to regional market analysis.
- GITEX Central Asia & CaucasusminorPartnership for knowledge sharing and event collaboration in technology sector. GITEX provides platform for technology and AI discussions in Central Asian markets.
- MostcoreCo-published Fintech in Kazakhstan 2022 Foundation Report. Contributes fintech industry expertise and historical market context for Kazakhstan's digital economy development.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
RISE Research competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
RISE Research social profiles
Digital presenceRISE Research financial estimates
Financial estimateRevenue estimate
Valuation estimate
RISE Research leadership team
Management profileNumber of profiles
Profiles1 record
RISE Research funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
RISE Research M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about RISE Research
What does RISE Research do?
RISE Research publishes in-depth market intelligence reports covering AI, Fintech, Venture Capital, Startups, Tech Ecosystems, and Digital Assets across the CIS and Central Asia region. The company produces annual country-level and regional reports on venture capital, fintech, AI landscapes, and digital assets, available as downloadable PDFs. Reports are co-published with institutional partners including Mastercard, KPMG, Freedom Bank, AIFC, government ministries, and industry associations.
Is RISE Research a public or private company?
RISE Research is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was RISE Research founded?
RISE Research was founded in -1. It employs 1 to 10 people.
Where is RISE Research based?
RISE Research is headquartered in Almaty, Kazakhstan, in the Asia region.
How does RISE Research make money?
Two revenue lines are on record. Research Reports are the primary driver. The others are partnership Reports with Industry Sponsors.
Does RISE Research have an API?
No public API is recorded for RISE Research.
What industry is RISE Research in?
RISE Research's product category is Market Intelligence & Research. Its primary akta.pro industry code is BPAHALAI, Due Diligence & Investigative Research. Its NAICS code is 54191 and its SIC code is 2741.