Timur Turlov, the visionary founder and CEO of Freedom Holding Corp., has played a pivotal role in revolutionizing Kazakhstan’s financial services industry. Through his innovative strategies and dedication to digital transformation, Turlov has established Freedom Holding Corp. as a leader in fintech.
Kazakhstan’s Fintech Transformation
Kazakhstan has emerged as a hub for fintech innovation, thanks to Turlov’s forward-thinking approach. He emphasizes that integrating business operations with public databases has given Kazakhstan a significant edge. “We can issue a digital mortgage within a day at just $200 per client, while in the U.S., it costs $10,000,” Turlov highlights, showcasing the efficiency of Kazakhstan’s digital infrastructure.
Founding a Financial Powerhouse
Turlov’s journey in Kazakhstan began in 2012 when he saw immense potential in the country’s developing stock market. He founded Freedom Finance JSC, which later led to the creation of Freedom Life and Freedom Insurance in 2014 and 2018, respectively. By 2020, Turlov had built a comprehensive financial ecosystem that integrates various services, providing customers with a seamless experience.
Strategic Growth and Expansion
Under Turlov’s leadership, Freedom Holding Corp. has rapidly expanded its operations and diversified its offerings. In 2020, the company launched Freedom Finance Global and Freedom Bank, providing innovative digital financial products and access to global markets. The company’s portfolio has grown to include Ticketon, Freedom Mobile, Freedom Drive, Freedom Pay, Aviata.kz, Chocotravel, and Arbuz.kz, enhancing its service offerings and market reach.
A Global Financial Leader
Freedom Holding Corp. operates in 19 countries, including major 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. Plans to open new offices in Turkey and the UAE reflect the company’s commitment to global expansion.
Commitment to Social Causes
Turlov is deeply committed to social responsibility, investing in a variety of social, sporting, and ecological projects. As president of the Kazakhstan Chess Federation, he has promoted chess and organized numerous international tournaments. His support for youth sports through the QJ League and educational initiatives such as the IQanat residential school and the new SDU University campus demonstrates his dedication to societal development.
Balancing Business and Family Life
Despite his immense wealth, Turlov maintains a modest lifestyle, focusing on reinvesting profits into the business and community projects. “I’ve put all my money into the business,” he says, reflecting his commitment 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
Turlov envisions a bright future for Kazakhstan, driven by innovation and digitalization. He aims to improve the country’s global internet ranking and further develop Freedom’s financial ecosystem. His dedication to social projects and business innovation underscores his desire to create 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.
