The First Fintech Accelerator in Kazakhstan

The AIFC Tech Hub, Mastercard and IIDF are launching the first Fintech Accelerator of Kazakhstan for technology startups interested in partnering with the country's banks and entering a new dynamically developing market. Kazakhstan is the leader in the development of financial technologies among the countries of Central Asia and is included in the TOP-25 countries in the world is of ease doing business.

The main goal of the accelerator is to build long-term cooperation between banks in Kazakhstan, startups and mature technology companies. Accelerator participants will have the opportunity to launch a pilot with the country's banks, along with support from Tech Hub and Mastercard.

Accelerator finalists

	Z-union		Accelera Customer Experience Platform
	AI-based development of predictive/recommendatory models for the bank's business tasks.		No-code platform that allows banks to create vertical solutions and services based on a stream of fast data: payments, transactions, clicks, geolocation, etc.
	ROBIN		Pay2u
	Allows you to create "digital employees" (based on RPA), who perform routine tasks cheaper, faster and with more stable results.		Solution which creates SuperApps and embeds partner services, offers and content into the bank applications.
	Scalaxi		ITM VR Project
	A DPA low-code platform that is the core for the digital transformation of any large enterprise		Creation of an ecosystem for the sale and implementation of projects in the field of residential and commercial real estate.
	Friday		Wally Ed
	Onboarding and adaptation of new employees.		A distance learning platform.
	Ponimau		Data Fuel
	It is a platform for corporate well-being of employees.		А marketing tool that allows you to increase sales through Big Data and personalization of marketing based on psychology.
	FONDY.kz		Botman.one
	Low-code international payment platform.		A visual web application designer that allows you to quickly and cost-effectively automate business processes.
	Python RPA Ltd		VAZZAR Group
	Low-code platform that allows you to automate routine back office business processes.		B2B, B2C marketplace.
	Usedesk		RADAR
	SaaS solution that simplifies and speeds up the work of customer support by combining all text communication channels in one window		A robotic system which used to optimize and automate internal banking operations.
	Gridfore		BenefittY
	A platform for complex processing of big data in real time.		Platform for digital loyalty programs and personal offers.
	IncSecurity Couch		Cybertonica Anomalytics
	IT resource configuration security management platform.		Cross-channel risk monitoring.
	AutoFAQ		Gmobi
	AI based service for robotization of corporate communications with employees and clients.		Gamification for super app.
	Angry.Space		Pluscards
	A tool for communicating with customers in social networks and instant messengers.		A loyalty program for individuals and legal entities, with the possibility of providing earnings through a referral program and attracting other participants.
	Callshark		SoMin.ai
	An omnichannel communication service that allows to implement web-telephony and video-banking in the bank.		А cloud SaaS platform that optimizes the costs of advertising campaigns on social networks based on artificial intelligence.
	Goldex Robot		Andata
	The ATM which can buy and sell gold in products, bars and coins.		The customer's digital passport.
	VAIS		Reshape Loyalty Layout
	An intelligent low-code platform for business process modeling.		It's a tool for increasing the management of the loyalty system.

Kazakhstan is a promising emerging market for startups

$164 billion		84%
GDP. The second-largest CIS economy after Russia	Fast-growing e-commerce and cashless payments market	High level of penetration the internet (2020)
	2,6
Progressive regulation (remote identification, cryptocurrency regulation, crowdfunding, online insurance, AIFC, etc.)	Times increase in non-cash payment volumes in 2020	Developed infrastructure to support startups: global opportunities for fintech companies in Kazakhstan

Partner banks

	Altyn Bank JSC (SB of China CITIC Bank Corporation Ltd) — Altyn Bank JSC (SB China CITIC Bank Corporation Ltd) is a universal commercial bank serving corporate and retail clients. It is ranked 13th in terms of assets and has one of the highest ratings (Fitch - "BBB-", Moody's - "Ba1") among Kazakhstani commercial banks. In 2016, Altyn Bank JSC launched the first full-fledged digital bank Altyn-i in Kazakhstan with a full range of online financial services for individuals. In 2020, Altyn-I Digital Bank received an award from the Global Finance international magazine in the nomination The World's Best Consumer Digital Banks In Kazakhstan. Altyn Bank JSC has 6 branches: in Astana, Almaty, Atyrau, Shymkent, Aktau and in the AIFC, as well as 2 additional branches in Almaty.
	Eurasian Bank is a worldwide social-minded financial institution with a 27-year history of development. It is consistently among the top 10 Kazakh banks. It occupies a leading position in the retail banking market with the highest share in the car loans and commodity loans market, and provides a wide range of services to corporate clients and SMEs. In July 2021, for the first time in Kazakhstan and the CIS, the bank launched an online service for lending new cars. In the near future, the bank will present similar remote services. The bank's sole shareholder is Eurasian Financial Company JSC, owned by the main owners of ERG, a large international diversified company that includes a third of the mining and metallurgical complex of Kazakhstan.
	Freedom Finance Bank is an innovative bank in Kazakhstan offering digital products and financial services to the public and small businesses. It is included in the top 5 banks in terms of security in Kazakhstan (according TSARKA, the largest cybersecurity service provider in Central Asia) and has a Standard & Poor's rating at B- / B. In July 2021, the bank digitized the receipt of a mortgage loan by 90% and launched Digital Mortgage. Thanks to this product, Kazakhstan took first place in the ranking of the top 11 countries for digitalization of mortgages, ahead of the UK, USA and South Korea. The main advantage of the Digital Mortgage is speed - the whole process takes a day. The bank's shareholder is Freedom Holding Corp., which carries out financial activities, retail brokerage operations, securities trading, investment banking and underwriting services in Russia, Kazakhstan, Uzbekistan, Kyrgyzstan, Ukraine, Germany and Cyprus.

Opportunities for accelerator participants

Launching a pilot project

Pilot project with one or more accelerator partner banks

Scaling

Long-term commercial partnership with banks of Kazakhstan  

Support from Astana International Financial Centre (AIFC)

Assistance in registering and / or licensing a business in the jurisdiction of the AIFC:

• International legal framework based on English law (common law)
• Tax preferences for regulated activities of the AIFC until 2066 (0% CIT, IIT, VAT and social tax for non-residents)
• Special labor and visa dispensations for expats and their families
• Access to the Arbitration Center and the Independent Judicial System of the AIFC
• Opportunity to test and pilot new fintech solutions in the AIFC Fintech Sandbox
• Offices at the location of EXPO Astana for registered companies
• Access to the growing financial and business ecosystem of the AIFC (1,000+ registered companies from 56 countries, plus corporate partners)

Support for fintech startups from Tech Hub

• Access to the Venture Rocket Eurasia crowdfunding platform to raise venture capital
• Assistance in structuring venture deals in the jurisdiction of the AIFC (convertible loans, issue of shares of different classes, etc.)
• Venture studio
• Incubation and acceleration programs
• Mentoring platform

Searched for startup solutions

Terms of participation

• MVP
• Consistence with search areas
• Presence of a team (2+ people)
• Legal entity status

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