Startup Shart Rate received follow-on investments and reached a billion-dollar transaction volume

The Kazakh LegalTech startup Shart Rate, specializing in secure digital transactions, has received an additional $500,000 in investment from its existing investor Askhat Usmanov, valuing the company at $5 million. Over 1,000 contracts are registered on the platform, and the total volume of protected agreements has reached 1 billion tenge.

This figure demonstrates growing interest in technological tools for alternative dispute resolution and confirms sustained demand for LegalTech services in the region. Thanks to successful growth and an active marketing strategy, the Shart Rate team has secured follow-on investments and plans to scale into international markets.

Temir Aden, Founder of Shart Rate

The raised funds will be directed toward product development, expanding the functionality of digital arbitration, strengthening the development team and legal expertise, as well as expanding operations in Central Asia and entering Middle Eastern markets. Previously, the startup had already attracted $150,000 in private investments.