History
2025: Freedom Holding Timur Turlova bought Wallet Solutions
In mid-November 2025, it became known that the international financial group Freedom Holding of billionaire Timur Turlov entered into an agreement on the acquisition of the Kazakh fintech company Wallet Solutions. The transaction amount is $1.9 million.
According to Forbes, Wallet Solutions is registered in Estonia. She specializes in virtual currency services. As part of the deal, Freedom Holding bought a 100 percent stake in Wallet Solutions. It is assumed that the acquisition will allow Turlov's group "to expand the range of digital financial products and strengthen its position in the market of modern fintech solutions."
Freedom Holding carries out brokerage, banking, dealer and depository activities, as well as provides securities management services. In addition to the financial direction, the holding is engaged in telecom and media business and actively buys various companies. Turlov is the majority shareholder of Freedom Holding with a stake of about 70%. In 2025, the entrepreneur took second place in the ranking of the richest businessmen in Kazakhstan according to Forbes.kz with a fortune of $5.8 billion.[1]
Notes
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