RISE Research

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.

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

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

• Market research reports
• Fintech market intelligence
• Venture capital analysis
• Startup ecosystem research
• Digital assets research

Headquarters

HQ city

Almaty

HQ country

Kazakhstan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. 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.
2. 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

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core 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

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

20 partnerships are on record, tiered core, flagship, major and minor.

• MastercardcoreStrategic or Co-development PartnerOngoing 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)coreStrategic or Co-development PartnerCo-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 BankcoreStrategic or Co-development PartnerPartnered 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)flagshipStrategic or Co-development PartnerGovernment 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.
• KPMGcoreStrategic or Co-development PartnerCo-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 ManagementmajorStrategic or Co-development PartnerCo-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.
• StanbasemajorStrategic or Co-development PartnerCo-publishing partner for Startups and Venture Capital in Central Asia 2026 report. Contributes technology and startup ecosystem expertise to regional venture market analysis.
• Tarlan PaymentscoreStrategic or Co-development PartnerCo-published Fintech in Kazakhstan 2024 report. Contributes payment industry expertise and market data on digital payments infrastructure development in Kazakhstan.
• CrunchbasecoreTechnology or IntegrationData 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.
• DealroomcoreTechnology or IntegrationData 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)majorStrategic or Co-development PartnerPartner 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 UzbekistanmajorStrategic or Co-development PartnerIndustry 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)coreStrategic or Co-development PartnerPartner 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 HorizonscoreStrategic or Co-development PartnerCo-published Digital Assets in Central Asia & Caucasus 2024 report. Contributes cryptocurrency and blockchain industry expertise for regulatory analysis and market assessment.
• EA GroupmajorStrategic or Co-development PartnerPartner for VC Central Asia 2023 report covering 5.5x VC deal growth from 2018-2023. Contributes regional business intelligence and investment ecosystem expertise.
• Fintech ConsultcoreStrategic or Co-development PartnerCo-published Fintech in Kazakhstan 2022 (Foundation Report) and Fintech in Uzbekistan 2023 reports. Provides specialized fintech consulting expertise for market analysis and regulatory assessment.
• MA7majorStrategic or Co-development PartnerResearch partner for VC in Central Asia 2024 report covering $95M total VC volume. Contributes investment industry perspective and regional market expertise.
• Global VenturesmajorStrategic or Co-development PartnerPartner for VC in Central Asia 2024 report. Contributes venture capital expertise and MENA/CIS investment network perspective to regional market analysis.
• GITEX Central Asia & CaucasusminorStrategic or Co-development PartnerPartnership for knowledge sharing and event collaboration in technology sector. GITEX provides platform for technology and AI discussions in Central Asian markets.
• MostcoreStrategic or Co-development PartnerCo-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

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/riseineurasia

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RISE Research