Jet Finance raised $20 million to develop auto lending in Kazakhstan

Jet Finance announced the raising of $20 million in debt financing from the American private credit fund Almavest. The deal was executed with the advisory support of TMT Global Advisers and Nairang Capital. Since 2021, the company has collectively attracted over $80 million in foreign capital.

Jet Finance plans to use the raised funds to develop its services and strengthen its position in the auto lending market, as well as to support financial inclusion in Kazakhstan. In particular, the company intends to expand access to mobility financing for small and medium-sized businesses and individual clients.

Jet Finance develops the Jet Car and Jet Auto products and specializes in auto lending. According to the company's estimates, the new financing will enable the issuance of approximately 2,000 new loans, supporting consumer demand and business activity.

Azamat Seitbekov, Founder and Co-CEO of Jet Finance

Shirin Jamshidi, Senior Investment Director at Almavest.

We are pleased to partner with Jet Finance to expand access to mobility financing in Kazakhstan, helping SMEs and consumers grow their businesses and improve their quality of life. Jet Finance's commitment to responsible lending reflects Almavest's dedication to inclusive financial solutions. We admire their talented, diverse team and look forward to supporting their continued impact.

The company also reported significant growth in its loan portfolio: from $30 million at the end of 2024 to over $100 million by the end of 2025. Jet Finance believes this trajectory reflects growing investor confidence and the company's increasing role in developing the country's financial infrastructure.