Prosper Pay

Prosper Pay is a Kazakhstani financial technology company operating in the Earned Wage Access (EWA) sector. The firm was founded by Beibut Zhanturin and Erik Ashkenov. Zhanturin, the CEO, transitioned from a successful career in finance, where he served as General Director at BV Management, a subsidiary of Qazaqstan Investment Corporation, to establish the startup at the age of 35. His background includes a Master's degree in Finance and Investments from the University of Exeter in the UK and experience at various banks. Ashkenov's experience in payroll and accounting outsourcing complemented Zhanturin's investment banking expertise, creating a solid foundation for the venture.

The company provides a B2B2C service through a mobile application that allows employees of partner companies to access their earned wages at any time before the scheduled payday. This service aims to reduce employees' financial stress and reliance on high-interest loans from microfinance organizations. For employers, the platform is free and integrates with their existing accounting and HR systems, such as 1C, to automate salary advance processes, which can help reduce staff turnover and speed up hiring. Prosper Pay's business model generates revenue by charging employees a fixed fee for each transaction, while standard salary payments remain free of charge.

The primary market for Prosper Pay is Kazakhstan, where it serves a significant portion of the population that lives paycheck to paycheck. The company targets large employers in sectors like retail, delivery, and logistics. By March 2025, the platform had connected with over 40 companies, including major names like Magnum and Raimbek Group, and reached over 52,000 users. A significant milestone was achieved in August 2025, when Prosper Pay became the first venture company in Kazakhstan to enter the bond market, successfully placing bonds worth over $5 million. This followed a Pre-Series A funding round in March 2025 where the company raised $1.5 million from investors including Murat Abdrakhmanov, Rakhimbayev Family Office Ltd, Askar Dostiyarov, and Ermek Ashkenov. These funds are earmarked for product development and expansion into Central Asia and the Caucasus.

Keywords: Earned Wage Access, EWA, financial technology, fintech, payroll, HR tech, salary advance, employee benefits, financial wellness, Kazakhstan, Beibut Zhanturin, Erik Ashkenov, Almaty, mobile application, B2B2C, employee financial services, payroll integration, HR automation, staff retention, on-demand pay, early wage access, financial stress reduction, employee loyalty, Central Asia expansion, corporate wellness, payroll solutions