Investors
Investing in private businesses
Loans and bonds of private Kazakh companies on a licensed AIFC platform. Full disclosure for every deal.
Deals are visible after registering on the iKapitalist platform.
from ₸300,000
minimum per deal · PLUS
from ₸10m
minimum per deal · PRO
up to $5m
per deal · PRO
AIFC
licence AFSA-A-LA-2023-0005
Who can invest
Retail and professional investors
Access to instruments depends on the investor's status under AIFC rules.
PLUSplatform for retail investors
Retail investors
Individuals who have not confirmed professional client status in the AIFC. Retail client protection applies to them, including an annual investment limit. Retail investors invest in business loans on the PLUS platform.
Invest on PLUSPROplatform for professional investors
Professional investors
Individuals and companies that have confirmed professional client status in the AIFC — by net assets, experience or professional qualification — as well as funds, financial and institutional organisations. Professional investors invest on the PRO platform.
Get PRO statusPlatforms
Two platforms for different investors
PLUSfor retail investors
Business loans
Loans to operating companies for working capital, contract execution and equipment purchases. Monthly repayments on schedule.
Minimum per dealfrom ₸300,000
Limitup to $50,000 per year
Termup to 12 months
Instrumentloan
PROfor professional and institutional investors
Bonds and equity deals
Secured private bond placements with covenants, structured deals and equity stakes. For funds, treasuries, family offices and private capital.
Minimum per dealfrom ₸10m
Limitup to $5m per deal
Term12–36 months
Instrumentsbonds, private debt, equity
How it works
Five steps from registration to repayment
1
Registration
Identity verification and signing the platform agreement.
2
Deal selection
Company profile, terms, collateral and risk assessment.
3
Investment
Signing documents and transferring funds to the deal account.
4
Monitoring
Payments, borrower reporting and notifications in your account.
5
Repayment
Return of principal and interest on schedule.
Deal information
Deal profile
Four sections available to the investor before deciding.
Company
Business, owners, industry, track record and customer base.
Financials
Revenue, profit, debt burden and cash flow for two years.
Terms
Instrument, rate, term, payment schedule and purpose of financing.
Risks and collateral
Pledge, guarantees, covenants and the platform's opinion.
Risks
Investment risks
Loss of capital
If the borrower defaults, part or all of the amount may be lost.
Payment delays
Restructuring and recovery take time.
Liquidity
Instruments are not traded on an exchange before maturity.
Concentration
Spreading across deals reduces risk.
No guarantees
Not a deposit; not covered by the deposit guarantee scheme.
Cooling-off period
At least 48 hours after the funding period closes — withdrawal without penalty.
Statistics
Platform statistics
As at 30 September 2026. Disclosed quarterly under AFSA rules.
₸23.52bn
financed
478
deals
30.3%
of deals in regulatory default (145 of 478)
₸328.20m
current arrears up to 90 days · 14 deals
Breakdown of 478 deals since 2019
333
without regulatory default
32
fully repaid after default · ₸1.70bn
113
remain in regulatory default
How the default
rate is calculated
rate is calculated
Regulatory default is counted by number of deals, not by amount of money: the number of deals that have ever been more than 90 days overdue is divided by the total number of deals financed since the platform was launched. A deal stays in the figure even if the company later repaid in full. It is not the share of money lost or of the current portfolio. The value is updated weekly.
Current arrears
up to 30 days7₸28.82m
31–60 days3₸243.00m
61–90 days4₸56.38m
over 90 days106₸4.40bn
₸3.45bn
in court recovery · 84 deals
₸751.69m
in mediation · 17 deals
Application for professional investor status
The team will check eligibility and the documents required.
Who can be a professional client in the AIFC
Individuals: net assets of at least USD 100,000 excluding your primary residence, and sufficient experience and understanding of financial products and risks as assessed by the platform, or work in a relevant position at a financial institution within the last two years. You need to consent in writing to professional client status and confirm that you understand which retail client protections you give up.
Companies: financial institutions, funds, pension funds, government and international organisations, companies with exchange-listed shares; large companies meeting two of three conditions: assets of at least USD 20 million, annual turnover of at least USD 40 million, own funds of at least USD 2 million. Other companies — own funds of at least USD 1 million and sufficient experience.
Source: AIFC Conduct of Business Rules, sections 2.4–2.5, version of 13 January 2026. Regulator: AFSA. The platform decides on status after reviewing documents; status is not granted automatically. You may return to retail investor status at any time.
— required fields. By submitting the form, you agree to the processing of the data provided in order to respond to your request.
Please check the required fields: name and phone. The email address and phone number must be complete.
Request sent. We will contact you within two business days.
Questions
Investor questions
01What is the minimum investment?+
PLUS — from ₸300,000 per deal and up to $50,000 a year for retail investors. PRO — from ₸10m per deal for professional investors.
02How does PLUS differ from PRO?+
PLUS — business loans for retail investors. PRO — private bond placements and equity deals for professional and institutional investors.
03Is repayment guaranteed?+
No. Investments are not deposits and are not covered by the deposit guarantee scheme; part or all of the amount may be lost.
04How is the default rate calculated?+
Regulatory default is counted by number of deals, not by amount of money: the number of deals that have ever been more than 90 days overdue is divided by the total number of deals financed since the platform was launched. A deal stays in the figure even if the company later repaid in full. It is not the share of money lost or of the current portfolio. The value is updated weekly.
05How do I get professional investor status?+
Apply and confirm you meet the AIFC criteria on assets, experience or professional qualification. The team will review your documents and open PRO access.
06Who regulates the platform?+
iKapitalist Ltd. is an AIFC Authorised Market Institution, licence AFSA-A-LA-2023-0005 for investment and loan crowdfunding platforms.
07Who does the investor sign the contract with?+
Investors sign loan agreements and bond purchase agreements directly with the company. The platform ensures that the documents are properly drawn up and monitors the company's performance of its obligations.
Start investing
Deals are visible after registering on the iKapitalist platform.