Build the next chapter with us

Prime Source is transforming from Kazakhstan’s IT services leader into a B2B cloud platform for enterprise finance and operations, with a clear ambition to access public markets. We are open to working with investors and partners to deliver our business strategy.

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Investment highlights

  1. Who we are

    A leading independent developer and systems integrator of complex IT solutions in Kazakhstan: 15+ years of operating history, 400+ delivered projects and long-standing relationships with the country’s largest banks, corporates and public institutions. Financially self-sustaining and profitable throughout its audited track record.

  2. Where we operate

    Kazakhstan is Central Asia’s largest economy, and its public-cloud market is forecast to grow by ~21% a year through 2029. The Group is consolidated under a holding company registered with the Astana International Financial Centre (AIFC), which has a special legal regime based on the principles of English common law.

    The AIFC provides international legal infrastructure, an independent court system and a special tax regime, creating favourable conditions for structuring investments, protecting investors’ rights and attracting international capital.

  3. Our strategy

    Since 2024 the Group has been moving from project-led IT services to an integrated ecosystem of B2B cloud (SaaS) products on one platform and data layer with embedded AI, and taking it to Central Asia, the Middle East and Southeast Asia.

  4. 2031 outlook

    Under a detailed business plan and financial model grounded in research and market trends, the value of the business is set to grow at least 10x in the conservative case and 28x in the base case.

  5. Company growth

    A unique opportunity for investors and partners to grow their assets tenfold or more over five years through our product development, acquisitions of complementary assets and entry into international capital markets.

Company

Founded in 2007, Prime Source Group is one of Kazakhstan’s largest independent, privately owned technology companies. It is owned by its two co-founders.

Viktor Nazarov

Viktor Nazarov

Serial entrepreneur and founder of three technology businesses: Prime Source, Ucompliance and Cognive (USA). Alumnus of the Plug and Play acceleration program in Silicon Valley.

Evgeny Scherbinin

Evgeny Scherbinin

20+ years in IT. Named Best Entrepreneur in Central Asia by Weproject. Founder of the Association of IT Exporters of Kazakhstan and recipient of three national awards for contributions to the economy, the financial sector and the IT industry.

Clients and track record

What we do

  • AI-augmented custom software development, systems integration and technical support: the Group’s largest revenue line.
  • A full-stack offering that also spans big data and AI analytics platforms, cloud services, projects built on solutions from leading international technology vendors and IT consulting.
Software development Systems integration Cloud services Analytics & Big Data AI & automation

Key business metrics

$44MAverage annual revenueOver the last 3 years
×60Cloud business growthGrowth 2025/2023
200+Recurring clientsOver the last 3 years
89%Average client retentionOver the last 3 years

Strategy: three shifts

  1. From projects to recurring revenue

    Move the commercial model from milestone-based project fees to AI SaaS subscriptions for recurring, more predictable income.

  2. From single products to an ecosystem

    Connect existing products into one suite on a shared platform and data layer with embedded AI, so each client can adopt more solutions over time.

  3. From Kazakhstan to the region

    Take the same platform to Uzbekistan, Azerbaijan, the Middle East and Southeast Asia, where financial-sector needs are similar and the Group already has a foothold.

Foundations

Organic product development

Build out the ecosystem in-house on top of the technology and client relationships already in place.

Selective M&A

Acquire client bases and complementary technology in Kazakhstan and abroad to grow faster than organic development alone.

Product ecosystem

Six product streams on one platform and one data layer. Adopting one stream leads naturally to the next, and real-sector data enriches financial-sector customer profiles.

Finance

Already live

Data collection from accounting systems, digital financial models, management reporting and audit support.

Now building

Segmented AI management reporting and real-time connectivity with financial institutions, cutting financing costs by up to 10%.

Trusted by: BI Group, Tele2, VEON Group

Treasury

Already live

A real-time consolidated cash position across every bank, account and group company, with a module for holdings.

Now building

Payment calendar, debt register and an AI liquidity assistant, improving working-capital turnover by up to 15%.

Trusted by: Baiterek

Compliance

Already live

Digital Compliance Assistant, a revenue-generating platform that automates anti-corruption compliance end to end.

Now building

Modules for the 2027 conflict-of-interest law, an AI hotline with 24/7 speech-to-text intake, and AI fraud and theft prevention with a 1–5% effect.

Trusted by: Air Astana, JV Inkai, Toyota

Procurement

Already live

Corporate source-to-pay platform in commercial use: 5,000+ suppliers connected, 20+ routine processes automated.

Now building

AI specifications, supplier matching, price benchmarking, fulfilment monitoring and supplier due diligence, cutting procurement costs by 3–15%.

Trusted by: Magnum

HSE

Already live

Eleven modules in the field: electronic permits, inductions, PPE management and behavioral safety audits.

Now building

AI safety assistant, a mobile super-app, contractor management and AI incident investigation, reducing incident rates by up to 35%.

Trusted by: Carlsberg, PavlodarEnergo, Amcor

Financial sector

Already live

Proprietary core banking platform and DigitalBank, with end-to-end lending for individuals and businesses.

Now building

Ready-to-deploy digital bank and digital MFI platforms with an AI credit analyst that reads statements, scores risk and drafts credit opinions.

Trusted by: ForteBank, Al Safi Bank, Solva

Talk to us

To learn more about opportunities to take part in Prime Source’s growth strategy and to receive the investment teaser and financial model, write to us.

ir@p-s.kz

Write to us