Freedom Holding Corp Celebrates Six Years on NASDAQ
New York, NY, United States, 28th Oct 2025 – Freedom Holding Corp. (NASDAQ: FRHC), the first financial services company from the Commonwealth of Independent States (CIS) to list on a major U.S. stock exchange, is celebrating six years on the NASDAQ.
As it marks this milestone, the company stands stronger than ever — with a market capitalization exceeding $10 billion, operations across 22 countries, and more than 7 million clients using its growing digital ecosystem.
Freedom’s journey is more than a success story — it’s a blueprint for fintech-driven transformation across emerging markets.
On October 15, 2019, Freedom Holding Corp. listed on NASDAQ after years of preparation — including legal restructuring, compliance upgrades, and the integration of operations across Kazakhstan and neighboring countries.
The move was a bold one: few firms from the region had attempted such a leap, and none from the financial services sector had made it this far.
Since its $14 debut, Freedom’s stock has surged to $171.98 (as of October 14, 2025), delivering more than 1,100% returns to early investors.
In August, the stock hit an intraday high of $194.01, pushing the company’s market cap to $11.76 billion.
Behind those numbers is a shift in scale, capability, and ambition. What began as a brokerage business has evolved into a diversified, technology-first holding company shaping the future of finance and consumer services in Eurasia and beyond.
Under the leadership of founder and CEO Timur Turlov, Freedom Holding has aggressively expanded into adjacent sectors that extend its core financial offering into a full lifestyle ecosystem. Between FY2019 and FY2025:
- Revenue jumped from $74.3 million to $2.05 billion
- Net income grew from $7.1 million to $84.5 million
- Total assets neared $9.9 billion
- Headcount rose more than 7x, now exceeding 8,764 employees
Freedom’s proprietary SuperApp lies at the heart of this transformation — integrating banking, investing, insurance, payments, telecom services, retail shopping, and even entertainment content into one seamless mobile platform.
“We are building the infrastructure of daily life,” said Turlov. “Our goal is to give people access to financial tools, lifestyle services, and data-powered convenience — all in one place. It’s not just a digital bank, it’s a digital world.”
Freedom’s model relies on more than product expansion — it runs on deep technology. The company has invested heavily in artificial intelligence, automation, and proprietary infrastructure that connects all parts of its ecosystem.
From onboarding and underwriting to portfolio management and real-time payments, Freedom’s platforms are built for speed, scale, and personalization. Big data enables hyper-targeted services, while its backend architecture supports cross-border deployment and compliance in diverse markets.
This tight integration of finance, technology, and consumer services allows Freedom to replicate and scale its model rapidly, without losing agility.
Wall Street has been watching closely — and investing accordingly.
Institutional investors including Vanguard, Morgan Stanley, UBS, and Geode Capital have all taken positions. In a powerful signal of trust, BlackRock increased its stake by 579% in August, becoming the company’s largest institutional investor.
In July, FRHC was added to the First Trust Financials AlphaDEX Fund (FXO) — alongside household names such as Berkshire Hathaway, Goldman Sachs, Citigroup, and Robinhood.
“The presence of global institutional partners validates the direction we’re heading,” said Turlov. “They see what we’re building — and they believe in its long-term value.”
In 2025, Freedom Holding was officially reclassified by the U.S. Securities and Exchange Commission as a Large Accelerated Filer, reflecting its size, compliance standards, and corporate maturity.
That change elevates the company’s standing among global investors and underscores the operational discipline it has cultivated while scaling rapidly across international markets.
This isn’t just about growth — it’s about governance. The company has invested heavily in internal controls, risk management, and legal frameworks to meet the highest international standards.
With active users growing, verticals multiplying, and global operations scaling, Freedom Holding is positioning itself as one of the most ambitious fintech players to emerge from the post-Soviet space.
Looking forward, the company plans to:
- Expand into new markets across Asia and the Middle East
- Deepen vertical integration across insurance, telecom, and logistics
- Invest in media, content, and consumer engagement platforms
- Explore green finance and tokenized infrastructure opportunities
- Continue building out its SuperApp into a complete life-management hub
At the same time, Freedom continues to act as a regional economic engine — bringing financial access, jobs, and investment to underserved populations.
“Freedom Holding is about much more than stock price,” said Turlov. “It’s about building a system that works for the next generation — inclusive, digital, and borderless.”
Company Details
Organization: Freedom Holding Crop.
Contact Person: Natalia Kharlashina
Website: https://www.freedomholdingcorp.com/
Email: Send Email
City: New York
State: NY
Country: United States
Release Id: 28102536188