Tabys Joins Forces with Teniz Capital in Major Fintech Acquisition
Deal News | Apr 08, 2025 | Globenewswire
Teniz Capital Investment Bank, through its subsidiary Teniz Capital Brokerage Ltd, has acquired a 49% stake in the fintech company Tabys from the Astana International Exchange. Tabys, based at the Astana International Financial Centre, is a prominent player in Central Asian digital financial services with over 21,000 active clients. The acquisition is aimed at integrating operational capabilities and expanding client offerings, including access to international markets and a wider range of financial products. Yerlan Soltanov will become CEO of Tabys, and Yernar Zhanadil, Chairman of the AIFC Authority Management Board, will join its Board of Directors. This move is expected to strengthen the ecosystems of Teniz Capital and Tabys, providing more investment opportunities and enhanced educational components for clients. The shareholders of the AIX include the AIFC, Shanghai Stock Exchange, Silk Road Fund, and NASDAQ, operating under an English Law-based regulatory framework. The expansion aligns with Teniz Capital's growth strategy across Central Asia's investment banking and brokerage sectors.
Sectors
- Fintech
- Investment Banking
Geography
- Kazakhstan – The acquisition involves the Astana International Financial Centre and the Astana International Exchange, both based in Kazakhstan.
- Central Asia – The strategic move by Teniz Capital to acquire a stake in Tabys highlights the firm's intentions of strengthening its influence in the Central Asian financial sector.
Industry
- Fintech – The article focuses on the acquisition of a fintech company, Tabys, indicating its relevance to the financial technology sector.
- Investment Banking – Teniz Capital is a key player in investment banking, especially evident in this acquisition aimed at expanding its market and services.
Financials
- 49% – The percentage stake in Tabys acquired by Teniz Capital Brokerage Ltd.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tabys | Target Company | Company | A digital financial services provider with over 21,000 active clients, operating in Central Asia's fintech market. |
| Teniz Capital Brokerage Ltd | Bidding Company | Company | A subsidiary of Teniz Capital Investment Bank, responsible for the acquisition of a 49% stake in Tabys. |
| Astana International Exchange (AIX) | Selling Company | Company | The original holder of the stake in Tabys, involved in the financial infrastructure at the AIFC. |
| Astana International Financial Centre (AIFC) | Regulatory and supportive role | Government | The financial hub where Tabys operates from, facilitating the merger and cooperation of participating entities. |
| Yerlan Soltanov | Appointed CEO of Tabys | Person | Responsible for leading the integration and future strategies of Tabys post-acquisition. |
| Yernar Zhanadil | Board Member of Tabys | Person | Chairman of the AIFC Authority Management Board, joining the Board of Directors of Tabys. |
| Saken Usser | Majority shareholder of Teniz Capital | Person | Commented on the strategic importance of the acquisition for Teniz Capital's position in the Central Asian market. |
| Zharas Mussabekov | Current CEO of Tabys, CFO of AIX | Person | Commented on the development and future prospects of Tabys post-acquisition. |
| Shanghai Stock Exchange | Shareholder of AIX | Company | Part owner of the AIX, involved in the trade platform development. |
| Silk Road Fund | Shareholder of AIX | Company | Investment fund part owner of AIX. |
| NASDAQ | Shareholder of AIX | Company | Involved in the technological framework supporting the AIX trading platform. |