Timur Turlov, the founder and CEO of Freedom Holding Corp., has revolutionized the financial services industry in Kazakhstan and on the global stage. His forward-thinking approach and dedication to digital transformation have made Freedom Holding Corp. a leader in fintech.
Kazakhstan’s Digital Advantage
Kazakhstan provides a fertile ground for fintech advancements, thanks to its well-integrated digital infrastructure. Turlov emphasizes, “We can issue a digital mortgage within a day for $200 per client, while in the U.S., it costs $10,000.” This efficiency has placed Kazakhstan at the forefront of financial technology, making it a global benchmark.
Establishing a Financial Powerhouse
Turlov’s journey began in 2012 when he saw potential in Kazakhstan’s developing stock market. He founded Freedom Finance JSC, followed by the establishment of Freedom Life and Freedom Insurance in 2014 and 2018. By 2020, Turlov had built a comprehensive financial ecosystem that integrates various services, enhancing customer experience and expanding the company’s reach.
Strategic Expansion and Growth
Under Turlov’s leadership, Freedom Holding Corp. has expanded rapidly. The company launched Freedom Finance Global and Freedom Bank in 2020, offering innovative digital financial products and global market access. The portfolio grew further with acquisitions like Ticketon, Freedom Mobile, Freedom Drive, Freedom Pay, Aviata.kz, Chocotravel, and Arbuz.kz, diversifying and strengthening its market presence.
Global Reach and Development
Freedom Holding Corp. operates in 19 countries, including key markets in the U.S. and Europe. The company’s shares have been traded on Nasdaq since 2019, with a market cap now exceeding $4 billion. New offices in Turkey and the UAE are part of the company’s strategic global expansion.
Commitment to Social Causes
Turlov is dedicated to social responsibility, investing in numerous social, sporting, and ecological projects. As president of the Kazakhstan Chess Federation, he has promoted chess and organized international tournaments. His support extends to youth sports through the QJ League and educational initiatives such as the IQanat residential school and the new SDU University campus.
Balancing Business and Family
Despite his success, Turlov leads a modest lifestyle, focusing on reinvesting profits into the business and community projects. “I’ve put all my money into the business,” he states, reflecting his dedication to growth and societal improvement. Turlov values spending quality time with his family, often traveling with his wife Elena and their six children.
Vision for the Future
Looking ahead, Turlov envisions Kazakhstan as a leader in digital innovation. He aims to enhance the country’s global internet ranking and further develop Freedom’s financial ecosystem. His dedication to social projects and business innovation underscores his commitment to creating lasting positive change.
Timur Turlov’s leadership and vision have positioned him as a key figure in Kazakhstan’s fintech industry. His focus on digital transformation, social responsibility, and family values sets a high standard for the sector. As Freedom Holding Corp. continues its global expansion, Turlov’s influence will shape the future of fintech and societal development in Kazakhstan and beyond.