Kazakh fintech platform Solva has raised an additional 1.18 billion tenge ($2.5 million) in equity from existing shareholder AG Holding.
The funds will be used to scale the business, roll out new products for entrepreneurs and individuals, and deploy tech-driven solutions. Solva Group LTD is an AIFC-registered holding company managing the Solva fintech business. Its Kazakh operating entity is Microfinance Organization OnlineKazFinance JSC. The company has been operating since 2016 and ranks among Kazakhstan’s top five non-bank lenders.
