Innovation Investment JSC
AI-Sourced
MSE: QPAYPublic CompanyFinancial ServicesTechnology & MediaOverview
- Legal Name
- Innovation Investment JSC
- Company Type
- Public Company
- Listing
- MSE: QPAY
- Industry
- Financial Services
- Founded
- 2017
- Market Cap
- MNT 49.9B
- Website
- www.i-investment.mn
- Coverage
- AI-Sourced
About the Company
Innovation Investment JSC is a Mongolian fintech and technology investment company listed on the Mongolian Stock Exchange under the ticker QPay. Founded in 2017, it built Mongolia's QR-based digital payment infrastructure, operating the QPay network across the banking, retail and public-service sectors through two subsidiaries. It listed via IPO in late 2023, offering roughly 20% to the public, and reported ₮10 billion in net profit for 2024.
Financial Performance
| Metric | 2023 | 2024 |
|---|---|---|
| Revenue | 16.5B | 26.5B |
| Gross Profit | 9.68B | 14.9B |
All figures in MNT. K = thousand, M = million, B = billion, T = trillion.Source: MSE
Ownership & Structure
Shareholders
Khaltar Dorjsuren24.24%
Urjikh Tsatsrag LLC17.93%
Dorjsuren Tsogt-Ochir8.76%
Unimedia Solutions LLC8.42%
Mogul LLC8.27%
Tri arc LLC7.01%
Rentracks JSC5.61%