Jusan Technologies Limited (“JTL”) is an investment holding company incorporated in the UK with business interests in banking, e-commerce, telecommunications and other financial sectors, such as brokerage, insurance and assets management. JTL has a diverse portfolio which includes investments in First Heartland Securities JSC (brokerage), First Heartland Jusan Bank JSC (bank), Kcell JSC (mobile operator), JMart LLP (online marketplace), and Jusan Mobile JSC (telecommunication company).

JTL  primarily invests in private companies operating in the countries of the former Soviet Union (excluding Russian Federation), as well as in the countries of Central and Eastern Europe. The secondary investment focuses on holding financial instruments and fund participation.

JTL is a part of New Generation Foundation (“NGF”), a nonprofit corporation with no stockholders, members, or owners. NGF’s sole charitable purpose is to support the educational and social welfare missions of the Nazarbayev University (“NU”), Nazarbayev Intellectual Schools (“NIS”) and their organizations. This includes raising their profile in the international educational community and securing funding for the operation of the university and schools.

JTL is not now and never has been owned or controlled by former President Nursultan Nazarbayev or any members of his family.

Our Core Values

We share and handle information in an open, inclusive, and responsible manner, and are answerable to our leadership and our stakeholders for our actions.

Integrity – Integrity and authenticity are the foundation for everything we do. We have earned the respect of our shareholders and the Kazakh public for our commitment to honesty and trust.

Collaboration – Collaboration improves the way our teams work together and problem solve, and leads to more innovation, efficient processes, increased success, and improved communication. Working together takes us places we might not have been able to go alone.

Jusan Technology Theme

Our Journey

Jusan Technologies Core Values

November: Acquisition of ExpoCredit Bank (former RBS bank) and rebranding to First Heartland Securities.

February – May: Acquisition of Tsesnabank JSC (one of the leading financial institutions in Kazakhstan) and rebranding to First Heartland Jusan Bank JSC.

March: Launch of JMart marketplace to promote online shopping and digital banking products in Kazakhstan;

November: Launch of Jusan Mobile virtual operator in Kazakhstan jointly with Mobile Telecom Service LLP;

December: Acquisition of of ATF Bank JSC (one of the leading financial institutions in Kazakhstan) and Optima Bank (Kyrgyzstan).

September: Purchase of 23,95% stake in Kcell JSC (leading mobile operator in Kazakhstan);

February: Purchase of KazTransCom JSC (one of the leading provider of telecommunication services in Kazakhstan);

March: Merger of First Heartland Jusan Bank JSC with ATF Bank JSC. Following the merger, Jusan Bank JSC became #4 bank by assets in Kazakhstan.

Our vision

At JTL we invest in technology to drive our businesses; we prioritize high growth potential with a moderate level of risk, with liquid assets to ensure an inflow of recurring income. The primary sectors for JTL are banking, e-commerce and telecommunications.

We believe our anchor assets in fintech and retail will help to build a digital ecosystem in Kazakhstan by integrating financial and non-financial services that will offer quality services to Kazakh customers and expand to Western Europe market.

This overall strategic goal is based on the following two pillars:

  • To become the #1 choice for retail, SME customers and high-net-worth individuals by developing cutting-edge digital banking with focus on building and promoting three online platforms: Jusan Retail, Jusan Business and Jusan Private Banking.
  • Aggressively expand our non-banking business with a focus on e-commerce and logistics. We have already built and successfully tested a customer-focused digital ecosystem, “Jusan Super App”, and JMart marketplace, which together eliminate the conventional offline/online boundaries between payments, shopping and finance. Within the next two years Jusan is on track to beсome the #2 e-commerce platform in Kazakhstan, with a 40% market share in the country and a significant footprint in the electronics, DIY, home improvement & gardening, FMCG, food, and car accessory markets.