Like a cable-stayed bridge, Freedom Holding Corp. has established a robust network among its various companies, bridging the gap between East and West. Each asset fortifies the holding company, providing a reliable cable that empowers clients and investors to navigate diverse economies globally.
A few years ago, Timur Turlov, the head of Freedom Holding Corp., envisioned a future where competition would be between digital financial ecosystems spanning markets worldwide instead of specialized players. This vision presented an opportunity to serve clients from a single ‘window’ across various regions globally.
Through strategic scaling, the company evolved from a small team to the largest holding company in just 15 years. It successfully launched its IPO on the advanced Nasdaq stock exchange, making the ticker FRHC globally recognizable.
Moreover, it became a trusted financial partner for hundreds of thousands of individuals across different countries and assisted other major companies in going public as an underwriter. To comprehend Freedom’s philosophy, one must trace its journey, where Eastern wisdom intertwines with Western entrepreneurial spirit.
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Although the company was founded in Russia, it experienced rapid growth in Kazakhstan. Freedom established its ecosystem encompassing banking, brokerage, insurance, telecommunications companies, and lifestyle services. The brokerage division, represented by Freedom Finance, revitalized the previously dormant stock market, democratizing investment and making it accessible to private investors.
In 2020, Freedom Finance Global was registered, offering direct access to international financial platforms such as Nasdaq, Hong Kong, London, and Frankfurt Stock Exchanges. Technological advancements acted as a catalyst for growth, with remote biometric identification enabling brokerage account registration and bank integration, simplifying fund deposits and withdrawals. Consequently, Freedom Finance Global brokerage accounts surpassed 130,000.
Freedom developed its trading platform, Tradernet, accessible via mobile devices and computers. Tradernet supports 16 languages and offers multilingual customer support.
Freedom Bank, at the heart of Kazakhstan’s ecosystem, provides unique services such as digital mortgages and car loans. Applying for loans became possible by simply entering one’s IIN, thanks to the digitization of government services and data systematization from different ministries and agencies.
With its exceptional level of service, Freedom Bank swiftly attained leading positions across various sectors within a few years. Notably, it became a record holder in mortgage origination, a driving force in the credit market. The bank consistently generates substantial profits, reporting $115.8 million in the first quarter of fiscal year 2024.
