Early Life and Education
Mikhail Lomtadze was born in Batumi, Georgia, on October 17, 1975. He graduated with a BBA degree from the European School of Management in 1997. He furthered his education by obtaining an MBA from Harvard Business School in 2002.
Rise to Success
Lomtadze started his career by founding Georgia Consulting Group Audit in 1995. In 2002, he sold the firm, which then became part of Ernst & Young's global network. He later joined Baring Vostok Capital Partners, where he gained experience as a project manager and partner. His career took a significant turn in 2006 when he became a member of the board of directors of Kazakhstan's Caspian Bank. A year later, he became the chairman of the bank's board. In 2011, he rebranded the bank as Kaspi.kz. Under Lomtadze's leadership, Kaspi.kz evolved into a leading digital payments and banking service in Kazakhstan. The company's IPO in October 2020 on the London Stock Exchange valued the business at $6.5 billion.
Key Business Strategies
Lomtadze transformed Kaspi.kz by focusing on a customer-centric approach and embracing technological advancements. His strategies included creating a one-stop digital ecosystem that integrates payments, e-commerce, and financial services. He has prioritized mobile-centric solutions and e-commerce integration to drive financial inclusion. Kaspi.kz's super app model, similar to Tencent's WeChat, has reshaped the fintech landscape in Kazakhstan.
Philanthropy
Information regarding Mikhail Lomtadze's specific philanthropic initiatives and amounts is not available in the provided search results.