Innoforce Issuer Day: from bond listing to scaling the urban digital infrastructure
The Kazakhstan Stock Exchange (KASE) hosted an Issuer Day with the technology holding Innoforce. During the event, the company's management discussed the listing procedure, presented key performance results and shared its strategic vision for development.
Khanat Nurekenov, founder of Innoforce, noted that the company is a leader in the Central Asian market in the digital transformation of urban environments and public transportation. Since 2009, Innoforce has been developing its own IT solutions that currently cover 28 cities in Kazakhstan and Kyrgyzstan. The platform processes approximately 3 million fare transactions daily.
"We are actively introducing cloud technologies and AI-based solutions, and developing our products. Thanks to this, Innoforce is able to connect new cities within a few months. Key advantages include a model that does not involve budgetary funds and the high economic efficiency compared to alternative solutions. Our mission is to create innovative solutions for smart cities, ensuring sustainable future. This is supported by many years of practical experience", emphasized Khanat Nurekenov.
Nazerke Zhanabek, CEO of Innoforce, noted that the company's ecosystem is built on four key areas: electronic ticketing, dispatching, fintech and smart media.
"Promising projects include developing of intercity transportation, expanding of fintech area and scaling of advertising platform. Specifically, Twinpix's investment case in Almaty involves installing 300 media boards at bus stops. The project combines transport analytics and Big Data, enabling not only advertising but also informing the passengers about transport arrival times taking into account the traffic, weather conditions and other factors. All our services operate as a unified urban mobility management system, and diversified revenue reduces risks and strengthens business resilience", noted Nazerke Zhanabek.
Yerbolat Yeleshev, Chairman of the Management Board of UD Capital JSC, which acts as the financial advisor and bond underwriter, noted that in recent years there has been a shortage of issuers from the real economy. The market primarily features microfinance organizations and quasi-public sector companies.
"Innoforce is a fully private company operating at the intersection of IT and the real economy, which makes it particularly attractive for investment", emphasized Yerbolat Yeleshev.
Innoforce is a Kazakhstan’s IT holding that develops and implements digital solutions for public transportation, payments and urban infrastructure. The key products include the Avtobys public transportation payment and management platform, as well as a fintech service combining the Smart City, Big Data and digital payment technologies, creating a unified urban mobility ecosystem.