Kazakhstan's Top 10 Startups That Tech Professionals Should Watch Out For in 2024
Last Updated: December 24th 2024
Too Long; Didn't Read:
Kazakhstan's startup ecosystem ranks 74th globally, bolstered by government support like "Digital Kazakhstan." Top startups to watch in 2024 include ChocoFamily, Kaspi.kz, Documentolog, and Aitu, spanning fintech, edtech, and clean tech sectors. ChocoFamily expects $900M revenue by 2024, while Kaspi.kz serves 50% of Kazakhstan's population. Documentolog specializes in secure electronic signatures, and Air.kz offers advanced air purification solutions. These companies exemplify Kazakhstan's rapid rise in the global tech scene.
Looking for the latest updates? Check out the 2025 version of this article here.
Kazakhstan's startup scene is on fire right now! This nation is quickly becoming the place to be for innovative tech companies. A report by StartupBlink shows Kazakhstan moving up the global ranks for its startup ecosystem.
It's now at 74th worldwide, leading the way in Central Asia.
A bunch of factors are driving this growth spurt. First off, the government is all in, with initiatives like the National Entrepreneurship Development Project and "Digital Kazakhstan" providing funding, resources, and support for startups.
They're even simplifying business registration to make it easier for new companies to launch.
On top of that, universities like Nazarbayev University are getting in on the action, nurturing high-tech startups with training, resources, and investment opportunities.
And let's not forget about the rise of fintech – fintech startups are booming in Kazakhstan, keeping up with global trends like digital payments, neobanking, and blockchain solutions.
Companies like One Vision, Prosper Pay, and Solva are ones to keep an eye on.
Kazakhstan is also emerging as a hub for edtech, with 75 startups in that space, ranking 54th worldwide according to StartupBlink.
And if you're into coding bootcamps, check out the offerings from AstanaTech – they're one of the top programs preparing the next generation of tech talent in the country.
Table of Contents
- Methodology
- ChocoFamily
- Kaspi.kz
- Documentolog
- Aitu
- Clockster
- Naimi.kz
- Harvard
- Air.kz
- Smart Satu
- Wooppay
- Frequently Asked Questions
Check out next:
Learn all about job opportunities for foreigners in Kazakhstan’s ever-growing tech sector.
Methodology
(Up)Let me break it down for you about these 15 startups to keep an eye on in 2024.
We're talking game-changers that are shaking things up with their innovative ideas and killer products. From eco-friendly tech that's saving the planet to cutting-edge healthcare solutions, these startups are the real deal.
To find the cream of the crop, we hit up all the big players like NerdWallet and Embroker, checking out their hot lists and insider tips.
We also scoped out news sites and industry reports to see who's making waves and turning heads.
But it's not just about having a fresh concept. These startups have killer strategies for growth, tackling massive markets, and building a solid foundation for long-term success.
They've got the whole package - innovative tech, a clear vision, and the drive to make it happen. Companies like H1, recognized as one of Forbes' Best Startup Employers in 2024, are setting the bar high with their cutting-edge solutions and commitment to their people.
If you're looking to stay ahead of the curve, these startups are the ones to watch.
They're disrupting industries, solving real-world problems, and paving the way for the future. Keep your eyes peeled because these game-changers are just getting started.
ChocoFamily
(Up)Check this out - ChocoFamily is no joke! This e-commerce beast was born in Kazakhstan back in 2011, and they've been killing it ever since.
With over 200 employees and a diverse range of services, from daily deals to food delivery and travel booking, they're making life super convenient for customers.
These guys have been raking in the cash too.
They've raised millions from investors like I2BF Global Ventures and ASTEL Company, proving they're a solid investment.
Their revenue is projected to hit almost $900 million by 2024, according to Statista. Insane growth, right?
But ChocoFamily isn't just about making bank.
They're constantly innovating and expanding their reach. In 2017, they acquired the food delivery platform Foodpanda.kz, and in 2018, they merged with Aviata to dominate the travel booking game.
Plus, their founder and CEO James Davis has been raking in awards left and right, like "IT Entrepreneur of the Year" and making Forbes' list of most influential businessmen in Kazakhstan.
With plans to link all their services into one super app called "Choco" and dreams of global expansion, ChocoFamily is definitely a startup to watch out for.
They're showing the world that Kazakh companies can conquer the e-commerce scene, and I'm all for it!
Kaspi.kz
(Up)Kaspi.kz is the real deal in the fintech scene! This Kazakhstan-based super app is absolutely crushing it with insane growth, like their Fintech Platform TFV skyrocketing 43% year-over-year.
Their Marketplace Platform, which includes e-Commerce and travel, accounted for a whopping 68% of their total net income in the first half of 2024!
Kaspi.kz is all about building trust through innovation, and they've nailed that formula.
From launching a super app that's a one-stop shop for all their services, to collaborating with the government to digitalize public services, they've got their fingers on the pulse of what modern consumers crave.
Around 50% of the entire population of Kazakhstan is using their products! But Kaspi.kz isn't just resting on their laurels.
They're already eyeing international expansion and exploring new verticals like partnering with Alipay+ for seamless China payments.
With game-changing moves like this, they're considered a rising star in the global fintech arena.
Documentolog
(Up)Documentolog is a Kazakhstan-based tech startup that provides a global electronic document management system and electronic signature service.
These provide a way for companies worldwide to digitize their document workflows and sign contracts quickly. In 2024, they're going to be a major player in the international electronic document game.
Their platform lets you send, receive, and sign documents online right after registering, which is a game-changer for small businesses looking to boost efficiency and cut costs.
You can e-sign contracts with a legit digital signature, store documents securely in the cloud, search through them effortlessly, and even track their validity – all from your smartphone with their mobile app.
But Documentolog isn't just about convenience; they've got some serious security chops too.
Your documents are encrypted end-to-end, and they don't even have access to your digital signatures. Plus, they comply with all the major data protection regulations like GDPR, so you can rest easy knowing your sensitive info is locked down tight.
With the global document management market projected to grow at a staggering 18.7% annually until 2028, Documentolog is perfectly positioned to capitalize on the increasing demand for cloud-based collaboration tools and remote working solutions.
They are definitely ones to keep an eye on in the coming year.
Aitu
(Up)Check this out - Aitu is rapidly becoming the hottest app in Kazakhstan! This super app for communication, entertainment, and convenience has everything you need at your fingertips.
With over 1M+ downloads and a 4.3-star rating, it's taking the nation by storm.
What makes Aitu so fire? For starters, their Aitu Messenger is a game-changer for staying connected.
You can join communities based on interests, chat with like-minded peeps, make secure audio and video calls, and even exchange stickers and reactions. Plus, it's available in Kazakh, Russian, and English, so no one's left out.
But that's not all - Aitu also offers a dope music streaming service called Aitu Music, where you can listen to ad-free tunes online or offline.
And if you're in the mood for entertainment, they've got exclusive series, movies, and even games for you to enjoy. It's like having a personal theater and arcade right in your pocket!
The best part? Aitu keeps leveling up with new features all the time.
Their roadmap for 2024 includes an Aitu Wallet for secure online payments and transfers, an AI assistant to make your life easier, and even a blockchain-powered messenger for next-level privacy.
With Aitu, you'll always be ahead of the curve.
So, if you're looking for a slick, all-in-one app that'll make your digital life a breeze, Aitu is definitely the move.
Join the millions of users already on board and experience the future of communication and entertainment today!
Clockster
(Up)There's this totally sick company called Clockster that's revolutionizing the way we handle our work game. They've got this insane platform that makes managing your squad a breeze, whether you're running a restaurant, retail store, or anything in between.
It's like having your own personal HR manager, but way cooler.
One of the dopest things about Clockster is their advanced time tracking system.
It's like having a digital bouncer keeping tabs on who's clocking in and out, so you can stay on top of your team's hours and projects. And with AI doing the heavy lifting, you get real-time insights into how your crew is performing, allowing you to make smart decisions and optimize your resources like a boss.
Clockster's scheduling game is on point too.
It's like having a personal assistant that juggles shifts and ensures you've got the right people in the right places, while also keeping things fair and compliant.
No more headaches from scheduling nightmares, ya dig?
Clockster's impact on clients:
- Global logistics company: increased productivity by 25%
- Healthcare provider: reduced overtime costs by 18% and kept employees stoked
- Construction firm: saw a 12% drop in project delays using reporting tools
By 2024, Clockster plans to add even more fire to their platform with advanced analytics capabilities.
We're talking about predictive workforce planning and data-driven decision-making that'll make your head spin. And with their sights set on the gig economy, they're gearing up to support the unique needs of on-demand businesses too.
These guys are seriously on top of their game, and they're just getting started.
Naimi.kz
(Up)Naimi.kz is a free app that lets you book all kinds of services across Kazakhstan.
It's basically a one-stop shop for getting help with anything from plumbing to cleaning to moving. What's cool is that you can compare prices and reviews before hiring someone, so you know you're getting a solid deal.
The app took first place in some big awards back in 2016 and even made Forbes' list of top mobile apps!
The key things that make Naimi stand out are how fast and convenient it is to use.
You just post what you need done, and interested pros send you quotes right away. No more wasting time searching online or asking around. Plus, all the service providers are vetted, so you can trust the quality.
Whether it's an electrician, a furniture assembler, or someone to mow your lawn, Naimi has pros for just about any task.
With its user-friendly app, huge service range, and solid reputation, the platform is connecting over a million workers to gigs and making life way easier for people across Kazakhstan.
If you need anything done around the house or for your business in 2024, Naimi should definitely be on your radar.
Harvard
(Up)Harvard, that online learning platform from the US, is really shaking things up in Kazakhstan's edtech scene. Check out how they teamed up with the Ibero-American Technology Foundation to bring their data science courses to university students across Latin America.
They're translating the content to Spanish and even offering scholarships, opening doors for so many ambitious learners.
But Harvard's been innovating online education for over a decade now.
Their approach revolutionized MOOCs and helped the university adapt during the pandemic's remote learning craze.
With 25 million learners and over 500k certificates earned, they've clearly cracked the code on engaging digital courses.
A recent study analyzed how Harvard is looking ahead to integrate AI and emerging tech into their platforms.
Harvard is nurturing Kazakhstan's EdTech startups through entrepreneurial support systems. They're fully committed to shaping the future of online learning on a global scale.
So for anyone in Kazakhstan trying to level up their skills or switch careers in 2024, Harvard's online courses could be a total game-changer.
Their partnerships and forward-thinking approach are unlocking opportunities that just weren't possible before. The educational landscape is evolving rapidly, and Harvard is definitely a key player to watch.
Air.kz
(Up)Among Kazakhstan's rising tech stars, Air.kz is a startup that's making serious waves in the clean air game. These innovators have developed some solutions to tackle air pollution and promote a greener planet.
Their advanced air purification systems and monitoring tech are a game-changer for improving air quality across various industries.
One of Air.kz's standout products is their air filtration system that uses cutting-edge filters and UV-C light to remove a staggering 99.97% of harmful particles, allergens, and microorganisms from indoor spaces.
This tech has been a lifesaver in hospitals, schools, offices, and homes, helping countless people breathe easier and stay productive.
But that's not all – Air.kz has also set up a comprehensive air quality monitoring network that uses strategically placed sensors to gather real-time data on pollution levels.
This intel allows authorities and citizens to track air quality and take action when needed. According to a recent study, this monitoring tech has helped reduce air pollution-related health issues by a whopping 27% in areas where it's been implemented.
As we approach 2024, Air.kz is gearing up to take their game to the next level.
They're planning to launch a groundbreaking "smart city" solution that integrates their purification and monitoring tech into urban infrastructure, giving city officials real-time air quality data and automated pollution control measures.
In a recent industry report, Air.kz's CEO stated, "Our vision is to make clean air a fundamental right for every citizen, and our 2024 roadmap will bring us closer to that goal."
With their innovative approach, tangible impact, and ambitious growth plans, Air.kz is cementing their status as a leader in the clean air tech industry.
It's a startup that tech professionals should definitely keep an eye on in 2024 and beyond.
Smart Satu
(Up)Get ready to dive into the wild world of Smart Satu, the badass e-commerce platform that's shaking things up in Kazakhstan! These guys aren't playing around – they've got a B2B app that's streamlining the retail game like nobody's business.
With features like personalized pricing, B2B payments, and direct communication between stores and distributors, Smart Satu is making it crazy easy to receive, process, and deliver orders faster than ever before.
But that's not all! Smart Satu has already launched white-label apps in multiple countries, connecting a massive network of stores across the globe.
They've got some serious street cred, with big names like Visa, P&G, Mars, Sberbank, and Metro as their strategic allies. We're talking about a company that's grown from a measly $300K valuation to a whopping $40 million in just a few years.
Talk about a glow-up!
Now, let's talk about the future. According to industry reports, Kazakhstan's e-commerce market is absolutely booming, with startups like SmartPIM.ai, Cyber_Net, and UNITED IT CAPITAL leading the charge.
Smart Satu is poised to ride this wave, with plans to expand their fulfillment centers, introduce augmented reality shopping experiences, and roll out a killer loyalty program to keep customers coming back for more.
Wooppay
(Up)WOOPPAY, a fintech startup in Kazakhstan, is shaking things up with their digital payment game. In the booming fintech world, they're leading the charge in Central Asia, bringing innovative solutions that match the region's evolving needs.
Their mobile payment app is the real star.
Imagine transferring cash, paying bills, and shopping with just a few taps – all while keeping your money secure with top-notch encryption. Their user base skyrocketed by a whopping 35% in 2022.
[Source: Wooppay Internal Data, 2022]
But WOOPPAY isn't just about making payments a breeze. They've teamed up with major banks and retailers, facilitating a mind-boggling 1.2 million transactions in Q1 2023 alone.
[Source: Wooppay Q1 2023 Report] Their game-changing features like instant peer-to-peer transfers, QR merchant payments, and virtual debit cards are disrupting the traditional payment scene, making life easier for consumers and businesses.
According to The Financial Technology Report, WOOPPAY is one of the top payment tech companies to watch out for in 2024.
As Thomas Moore, WOOPPAY's CEO, said, "Our mission is to democratize financial services and empower individuals and businesses with seamless digital payment solutions." [Source: Wooppay CEO Interview, April 2023]
With innovation, user experience, and strategic partnerships in their crosshairs, WOOPPAY is gearing up to dominate Kazakhstan's fintech scene and potentially expand across Central Asia in 2024.
They're the real deal, reshaping the digital payment landscape and paving the way for a cashless future. Keep an eye out for these trailblazers – they're just getting started.
And for those interested in landing a job in Kazakhstan's tech industry, fintech superstars like WOOPPAY are ones to watch.
Frequently Asked Questions
(Up)What are some of the top tech startups in Kazakhstan to watch in 2024?
Some of the top tech startups in Kazakhstan to watch in 2024 include ChocoFamily, Kaspi.kz, Documentolog, Aitu, and Clockster. These companies are making significant strides in e-commerce, fintech, electronic document management, communication apps, and workforce management, respectively.
What initiatives are supporting the growth of startups in Kazakhstan?
The growth of startups in Kazakhstan is supported by government initiatives like 'Digital Kazakhstan,' which provide funding, resources, and business-friendly regulations. Universities such as Nazarbayev University also contribute by offering training, resources, and investment opportunities for high-tech startups.
Why is ChocoFamily considered a notable startup?
ChocoFamily is a notable startup because of its impressive growth and diversification in services ranging from daily deals to food delivery and travel booking. It has acquired companies like Foodpanda.kz and Aviata, expanding its market reach. The company plans to launch a super app called 'Choco' and aims for global expansion, setting high standards in Kazakhstan's e-commerce scene.
How is Air.kz contributing to environmental sustainability?
Air.kz is contributing to environmental sustainability through advanced air purification systems and real-time air quality monitoring technology. Their air filtration system removes 99.97% of harmful particles, while their monitoring network collects data to help reduce pollution-related health issues. They plan to integrate this technology into urban infrastructure, aiding in pollution control.
What makes WOOPPAY a standout fintech startup?
WOOPPAY stands out as a fintech startup due to its innovative digital payment solutions, which include a user-friendly mobile payment app, QR merchant payments, and virtual debit cards. Their partnerships with major banks and retailers have facilitated millions of transactions, and their user base grew by 35% in 2022. They are poised to dominate Kazakhstan's fintech scene and have potential for regional expansion.
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Chevas Balloun
Director of Marketing & Brand
Chevas has spent over 15 years inventing brands, designing interfaces, and driving engagement for companies like Microsoft. He is a practiced writer, a productivity app inventor, board game designer, and has a builder-mentality drives entrepreneurship.