Freedom Holding Corp. acquires a stake in Bilim Group

August 6, 2026, Almaty

Freedom Holding Corp. has become a principal participant as part of one of the leading technology companies LLP Bilim Group LTD.

The transaction has been approved by the Agency for Protection and Development of Competition of the Republic of Kazakhstan, confirming compliance with all necessary regulatory requirements and enabling the parties to begin implementing shared strategic initiatives in the EdTech sphere.

The new joint phase reflects Freedom Holding Corp.’s strategic commitment to supporting digital transformation to ensure the high quality and accessibility of EdTech services, as well as to creating new export opportunities for the country’s IT sector across the entire region. As part of further development, investments are planned in promising research, the creation of advanced learning content and methodologies, initiatives to support educators through the внедрение of AI tools and educational analytics, as well as the development of learning personalization technologies.

The development of the EdTech direction within the Freedom ecosystem reflects a global trend in which technologies and products begin to play an important social role and create an opportunity to implement meaningful, competitive initiatives for society, support innovation in education to contribute to the development of the country’s human capital.

Timur Turlov, Chief Executive Officer of Freedom Holding Corp.:

“For us, this is a strategic step aimed at developing EdTech services in Kazakhstan and Central Asia through the most advanced technologies. We believe that the synergy of financial and educational technologies will create new opportunities for millions of users and will make it possible to provide useful, socially significant services in a convenient format and free of charge. Within this area, we plan to develop cooperation with OpenAI based on the signed agreement. We also plan to integrate EdTech services into our SuperApp, gradually reaching an ever-growing number of users with high-quality e-learning services, using the most modern Kazakhstani products, developments, and international partnerships.”

Rauan Kenzhekhanuly, founder of Bilim Group:

“This synergy is a logical continuation of our many years of strategic cooperation, which has already delivered significant results in the development of technologies. Thanks to the collaboration with Freedom Bank, Kazakhstani students can receive rewards for excellent academic results, which increases motivation for knowledge and also contributes, among other things, to the development of personal financial literacy. We are convinced that combining competencies and resources will make it possible to внедрять innovations faster and more efficiently, as well as to support the sustainable development of digital educational solutions. This is the key to the growth of human capital in the modern world.” 

 

Background:

About the company

Freedom Holding Corp. is a diversified company providing financial services, engaged in telecommunications, online sales of airline tickets and tickets to cultural and sporting events, offering online supermarket services, and many others. Including its subsidiaries, Freedom Holding Corp. has more than 11.8 thousand employees. The holding’s divisions and subsidiaries are located in 22 countries, including Kazakhstan, the USA, Cyprus, Poland, Spain, Uzbekistan, and others. Freedom Holding Corp. common stock is registered with the U.S. Securities and Exchange Commission and trades under the ticker FRHC on the Nasdaq Capital Market.

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Bilim Group is the largest company in Kazakhstan and Central Asia in the field of educational technologies. The startup, founded in 2011, today brings together a number of IT services in the areas of digital content, automation of educational processes, HR and financial accounting, as well as tutoring and digital libraries. Together they form a single EdTech ecosystem, with about 1 million unique users per day.

In November 2025 in Washington, a Memorandum of Understanding was signed between the Ministry of Science and Higher Education of the Republic of Kazakhstan, the Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan, OpenAI, and Freedom Holding Corp., under which, via the BilimClass platform, more than 160 000 teachers in Kazakhstan gained access to ChatGPT Edu, an educational version of the program with enhanced measures to ensure privacy and data protection.

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