Блог / Test

Kazakhstani fintech company Buhta celebrated its 11th anniversary this year. Over this time, it has evolved from a small online accounting service into a technology partner for businesses of all sizes.

Today, thousands of financial transactions flow through Buhta’s products – from online cash registers to bond issuance.

How It All Started

The company was founded in 2014 as an online accounting service for small businesses and freelancers. The initial idea was simple: give entrepreneurs a fast and intuitive way to generate documents — acts, invoices, bills — without unnecessary bureaucracy.

Until 2020, the company’s main offering was not a technology product but an outsourced service: most client tasks were handled manually by accountants. Buhta’s role was to provide an easy-to-use messenger with accounting tools for entrepreneurs and accountants. Dozens of specialists worked in-house, serving thousands of small and medium-sized businesses. Most of them were service-sector businesses with annual revenues of up to 50 million tenge and teams of up to 10 employees.

Shift to Product Development

The transition from outsourcing to IT products was gradual, guided by market demand. The company’s first product was an automated online cash register with fiscal data processing and transmission – suitable for both small businesses and high-load systems. Buhta’s tech infrastructure handles millions of daily requests and transactions, making traditional hardware cash registers insufficient.

In 2022, in partnership with Visa, the company launched EWA – an Earned Wage Access product. EWA gives employees the flexibility to access their earned wages anytime, while employers can automate payments and reduce accounting workload.

In 2024, Buhta became a certified fiscal data operator. This strengthened the ecosystem’s reliability by removing intermediaries and minimizing failure risks. As a result, businesses can now process millions of receipts daily without delays or data loss.

Today, Buhta’s products cover up to 80% of core business needs – from accounting and document management to payroll and automation solutions. That’s why Buhta has become the choice of companies with intensive transaction flow, such as Starlink, Yandex Go, Whoosh, Bolt, and others.

All development is done entirely in-house – from design to backend. The team includes over 10 specialists: developers, product managers, analysts, DevOps engineers, and security experts.

A New Chapter

Starting in 2025, Buhta acts as a technology integrator for platform-based employment, ensuring transparent settlements between companies and contractors.

In the fall of this year, Buhta announced the placement of its own bonds worth 1 billion tenge. The funds will be used to expand financial services for small and medium-sized businesses – including lending, launching new digital products, and supporting sustainability initiatives.

Buhta also operates in Kyrgyzstan, Uzbekistan, and Azerbaijan, where it provides accounting outsourcing services – just like in its early days in Kazakhstan. The company is actively studying local markets and plans to bring its new products to neighboring countries after testing them at home.

Buhta continues to expand its regional presence and develop products that make entrepreneurs’ work simpler and more efficient.