Freedom Bank

What Freedom Bank does

Freedom Bank Kazakhstan (Фридом Банк Қазақстан АҚ) is a digital-first universal bank headquartered at Kurmangazy Street 61A, Almaty District, Almaty, Kazakhstan. It operates as the banking arm of Freedom Holding Corp., with Chairman Timur Tyurluv (also founder/chairman of Freedom Holding Corp.) leading the franchise. The bank serves two principal client segments — retail individuals and corporate/SME clients — and is licensed as a universal bank (license No. 1.1.551.129 dated 07.07.2026) and as a securities market participant (license No. 1.2.253/45 dated 12.06.2024).

The product platform centers on the Freedom SuperApp, which consolidates money transfers, payments, currency exchange, insurance, asset management, and airline tickets; adjacent consumer products include Digital Mortgage (Цифрлық ипотека), Digital Auto Loan (Цифрлық автокредит), Cash Loans (Ақшалай несие), Freedom First savings, Priority Banking, and Freedom Loyalty. The corporate/SME stack comprises Freedom Business mobile banking, Freedom Online (internet banking), Freedom POS and Freedom Box acquiring terminals, E-Commerce Acquiring, Digital Tender Guarantees, Custodial Services, business credit for LLCs and individual entrepreneurs, salary projects, account opening and LLC registration, digital documents, and debt restructuring. Insurance is delivered through ffin.life and investment services through ffin.kz, both integrated into the bank's SuperApp. Operational infrastructure includes principal membership with Visa and Mastercard, connectivity to SWIFT/REUTERS, and participation in Kazakhstan Stock Exchange (KASE), KDIF, and DAMU programs.

The revenue model combines net interest income (mortgage, auto, cash, and business credit, plus deposits) with non-interest income from commission-generating services (money transfers, currency exchange, acquiring, asset management), government program servicing (Ken Dala, Orley, Astana Business 2, Agrobusiness, Export Financing), and ancillary fees (safe deposit boxes, custodial services, loyalty). Go-to-market is multi-channel — SuperApp/Online/Business digital front-ends plus a physical branch and ATM network — targeting volume-driven retail adoption and SME penetration through state-program participation.

Name

Freedom Bank

Legal name

«Фридом Банк Қазақстан» АҚ

Website

https://freedombank.kz

Company type

Private

Operating status

Operating

Headcount range

251–500 employees

Short description

Freedom Bank Kazakhstan (Фридом Банк Қазақстан АҚ) is a digital-first universal bank and subsidiary of Freedom Holding Corp., headquartered in Almaty. It serves retail individuals and corporate/SME clients in Kazakhstan via its Freedom SuperApp, digital mortgage and auto loans, acquiring, custodial services, and government lending programs.

Ownership category

akta.pro rank

Headquarters

HQ city

Almaty

HQ country

Kazakhstan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Revenue from lending activities including digital mortgages, auto credits, cash loans, and business credits. Interest earned on issued loans and credit facilities.
2. Commission Income: Fees from money transfers, payment services, account maintenance, and transaction processing for both retail and corporate clients.
3. Acquiring Services: POS terminal services and internet acquiring for merchants, generating transaction fees from card payment processing.
4. Deposit Operations: Accepting customer deposits including Freedom First savings product, generating deposit-based revenue through interest rate differentials.
5. Government Program Services: Participation in state programs including Ken Dala, Orley, Astana Business, government subsidies, and agribusiness financing.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels4 records

Core offering

Freedom Bank Kazakhstan is a universal commercial bank providing retail and corporate banking services including digital lending (mortgage, auto, cash loans), deposits (Freedom First savings), payment cards (Visa and Mastercard), money transfers, payment services, POS merchant acquiring, e-commerce acquiring, business credit for legal entities and individual entrepreneurs, salary projects, custodial services, digital tender guarantees, and participation in state support programs (Ken Dala, Orley, Astana Business 2, Agrobusiness). Services are delivered through the Freedom SuperApp, Freedom Online internet banking, Freedom Business mobile app, and physical branch and ATM network, with the bank holding a universal Kazakhstan banking license.

Product overview

Freedom Bank operates as a universal bank serving both individual and business customers, organized as a platform-plus-modules architecture. Its core digital offering is the Freedom SuperApp — a unified mobile hub combining transfers, payments, insurance, currency exchange, and asset management. Individual banking is anchored by digital lending products including Digital Mortgage (Цифрлық ипотека), Digital Auto Loan (Цифрлық автокредит), and Cash Loans (Ақшалай несие), supported by deposit products (Freedom First), card services, and Priority Banking premium tier. Business banking is structured around Freedom Online (internet banking), Freedom Business (mobile banking), merchant acquiring via POS Terminals (including Freedom POS pocket devices) and E-Commerce Acquiring, business credit products for both individual entrepreneurs and legal entities, Digital Tender Guarantees, and Custodial Services. Government support programs (Ken Dala, Orley, Astana Business 2, Agrobusiness, Export Financing) extend the bank's reach into subsidized lending. Supplementary services include Freedom Loyalty rewards, Freedom Currency trading, insurance and investment products (via partner ffin.life and ffin.kz), digital document services, and account/LLC registration. The bank is a member of Visa International and Mastercard Inc. and a participant of SWIFT and Reuters interbank systems.

Differentiator

Problem solved

Functional benefit

Brands

• Freedom First: Savings deposit product offering guaranteed cashback on transactions.
• Freedom POS
• Freedom Online
• Freedom Business
• Freedom SuperApp
• Freedom Loyalty
• Freedom Box

Products and services

• Freedom SuperApp Mobile super-application for Freedom Bank Kazakhstan retail customers offering money transfers, payments, insurance policies, currency exchange, asset management, and flight ticket purchases in a single interface.
• Digital Mortgage (Цифрлық ипотека) Digital mortgage lending product allowing customers to apply for and manage mortgage loans online through Freedom Bank Kazakhstan's digital mortgage platform.
• Digital Auto Loan (Цифрлық автокредит) Digital automobile lending product allowing customers to apply for and manage car loans through the bank's online auto credit platform.
• Cash Loan (Ақшалай несие) Personal cash loan product providing immediate online financing for urgent individual borrowing needs via loan-cash.freedombank.kz.
• Freedom First Savings deposit product for individual customers featuring guaranteed cashback on transactions upon opening a savings deposit at Freedom Bank Kazakhstan.
• Priority Banking Premium banking service tier offering personalized financial services and benefits for high-net-worth individual clients of Freedom Bank Kazakhstan.
• Freedom Online Internet banking platform for business customers to manage accounts, transfers, and payments online through online.bankffin.kz.
• Freedom Business Mobile banking application designed for business clients to manage finances, transfers, and payments on mobile devices.
• POS Terminals (Freedom POS) Pocket-sized and standard POS terminal solutions enabling merchants to accept card payments, including Freedom POS pocket devices for flexible merchant acquiring.
• E-Commerce Acquiring (Интернет-эквайринг) Online payment acceptance solution enabling merchants to accept internet-based payments through a merchant acquiring integration.
• Online Payments Acceptance (Онлайн төлемдер) Service enabling businesses to accept and process online payments through Freedom Bank Kazakhstan's dedicated payments platform.
• Digital Tender Guarantees (Цифрлық тендерлік кепілдіктер) Digital platform for issuing and managing tender guarantees for business clients participating in procurement processes.
• Custodial Services (Кастодиандық қызметтер) Custodian services for securities and assets, available to Freedom Bank Kazakhstan business clients through the bank's platform.
• Business Credit for Legal Entities (ЖШС несие) Credit facilities and loans designed specifically for limited liability companies (TOO/LLC) and other legal entities operating in Kazakhstan.
• Business Credit for Individual Entrepreneurs (ЖК үшін кредит) Credit solutions tailored for individual entrepreneurs and sole proprietors applying through business.bankffin.kz.
• Digital Documents (Цифрлық құжаттар) Digital document management and verification service enabling secure digital identity credentials and OTP-based authentication.
• Account Opening (Шотты ашу) Digital account opening service for individual clients and sole proprietors to open Freedom Bank Kazakhstan accounts online.
• Salary Project (Жалақы жобасы) Corporate payroll service enabling businesses to manage and distribute employee salaries through Freedom Bank Kazakhstan accounts and cards.
• Freedom Loyalty Customer loyalty and rewards program offering cashback, bonuses, and special promotions for card transactions at Freedom Bank Kazakhstan.
• Freedom Currency (Freedom валютасы) Currency trading and exchange service offering access to foreign currency transactions and exchange rates via frhc.bankffin.kz.
• Safe Deposit Boxes (Сейфтер) Secure storage service providing safe deposit boxes for Freedom Bank Kazakhstan customers to store valuables and documents.
• Debt Restructuring (Мерзімі өткен берешекті реттеу) Debt restructuring service helping Freedom Bank Kazakhstan customers manage and resolve overdue loan obligations.
• Government Programs (Мемлекеттік бағдарламалар) Government-supported financing programs including Ken Dala, Orley, Astana Business 2, subsidies, guarantees, export financing, and Agrobusiness programs offered through Freedom Bank Kazakhstan.
• Overdraft with Freedom Box POS Terminal Overdraft credit facility bundled with a Freedom Box POS terminal, providing Freedom Bank Kazakhstan merchants with both card acceptance and a pre-approved credit line.
• Investment Credit (Инвестицияға берілетін несие) Investment credit product designed to finance business growth and capital investments through Freedom Bank Kazakhstan.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature6 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Freedom Holding Corp.coreStrategic or Co-development PartnerParent company of Freedom Bank Kazakhstan. Freedom Bank operates as part of the Freedom Holding Corp. large holding group, providing integrated financial services including banking, insurance, and investments.
• Kazakhstan Deposit Insurance Fund (KDIF)coreStrategic or Co-development PartnerDeposits are guaranteed by Kazakhstan Deposit Insurance Fund, providing customer deposit protection as required by Kazakhstan banking regulations.
• Kazakhstan Stock Exchange (KASE)coreTechnology or IntegrationMember of Kazakhstan Stock Exchange enabling securities trading and investment services for bank customers.
• S.W.I.F.T. and REUTERScoreTechnology or IntegrationMember of international interbank telecommunication systems for global banking connectivity and financial messaging.
• Visa InternationalcoreTechnology or IntegrationPrincipal member of Visa International enabling issuance of Visa cards and processing of Visa payment transactions.
• Mastercard Inc.coreTechnology or IntegrationPrincipal member of Mastercard Inc. enabling issuance of Mastercard cards and processing of Mastercard payment transactions.
• DAMU (Entrepreneurship Development Fund)coreStrategic or Co-development PartnerPartner of DAMU entrepreneurship development fund, providing government support programs and financing for SMEs in Kazakhstan.
• ffin.lifeminorGTM or Marketing PartnerCross-selling partner for life insurance products. Referenced on bank website for insurance services.
• ffin.creditminorGTM or Marketing PartnerCross-selling partner for credit/loan services. Referenced on bank website for loan products.
• ffin.kzminorGTM or Marketing PartnerCross-selling partner for investment services. Referenced on bank website for investment products.
• ffins.kzminorGTM or Marketing PartnerCross-selling partner for auto insurance products. Referenced on bank website for insurance services.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Halyk Bank: Largest incumbent commercial bank in Kazakhstan with universal banking, retail, SME, and securities operations; broader scale than Freedom Bank but overlaps materially on deposit-taking, lending, and card-issuing.
• T-Bank (Tinkoff): Digital-first universal bank and super-app operating across the CIS region; comparable to Freedom Bank on mobile-led retail banking model and ecosystem-based cross-sell, despite different home geography.

Direct peers

• Bereke Bank: Kazakh universal commercial bank offering retail deposits, lending, and corporate banking services; directly comparable to Freedom Bank in regulated commercial banking activity within Kazakhstan.
• Kaspi.kz: Kazakhstan's flagship super-app combining payments, marketplace, and consumer/SME lending; directly comparable to Freedom Bank as a digital-first retail and merchant platform competing for the same Kazakh consumer wallet.
• ForteBank: Mid-tier universal commercial bank in Kazakhstan serving retail and SME clients with digital channels; directly comparable to Freedom Bank in product mix, customer segments, and digital-led positioning.
• Bank CenterCredit: Universal Kazakh commercial bank with retail, SME, and corporate banking; comparable to Freedom Bank across deposit products, lending, and digital service channels.
• Eurasian Bank: Kazakh commercial bank with retail and SME focus plus digital services; comparable to Freedom Bank on customer segments and product breadth within Kazakhstan.
• Home Credit Bank Kazakhstan: Kazakh consumer and auto finance lender with digital origination; directly comparable to Freedom Bank's digital mortgage, digital auto credit, and cash loan flows targeting retail borrowers.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/freedombankkz

Compliance2 records

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 Freedom Bank