NEW YORK CITY, NY / ACCESS Newswire / April 16, 2026 / Freedom Holding Corp., the international investment and technology company, has announced the acquisition of ChessBase, one of the world&#39;s oldest and largest

<p><strong id="dateline">NEW YORK CITY, NY / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / April 16, 2026 / </strong>Freedom Holding Corp., the international investment and technology company, has announced the acquisition of ChessBase, one of the world's oldest and largest platforms specializing in chess software, analytics and database solutions. The company plans to strengthen the platform's market position through the broader deployment of artificial intelligence and its integration with the group's ecosystem. The expected investment in the project is approximately €5 million.</p><p>"ChessBase is an exceptionally strong brand with a rich history and, arguably, one of the most important projects for the global chess community. Together with the team that created the platform and continues to run it, we believe we can make substantial progress in modernizing the service, enriching its functionality through artificial intelligence, and integrating it into our digital ecosystem through SuperApp," said Timur Turlov, Chief Executive Officer of Freedom Holding Corp.</p><p>Turlov added: "I believe this partnership will strengthen ChessBase's position not only among professional chess players, but will also open up new opportunities by giving our clients direct access, with more than 11 million clients across the group in more than 20 countries."</p><p>Turlov added that the investment will be directed toward modernizing the platform and further developing and expanding its technological architecture. At the same time, ChessBase's headquarters will remain in Hamburg, and the core team will remain in place. No job cuts are planned. On the contrary, the company expects to invest significantly in the business and recruit additional staff as the platform develops further.</p><p>"This is great news for the chess world. ChessBase, an important part of the chess heritage, is entering a secure new stage of development. Having an investor who genuinely loves chess is perhaps the best outcome imaginable. I am confident that new and exciting opportunities lie ahead for the global chess community," said Rainer Woisin, Managing Director of ChessBase.</p><p>Timur Turlov, Chief Executive Officer of Freedom Holding Corp., is also actively involved in the development of the chess industry and educational initiatives. Since January 2023, he has served as head of the Kazakhstan Chess Federation, and since September 2024, he has led the International School Chess Federation (ISCF), a subsidiary organization of FIDE, the International Chess Federation.</p><p>Freedom Holding Corp. actively invests in the development and promotion of chess, allocating more than $15 million annually to these efforts. In recent years, Kazakhstan has significantly strengthened its position as an international venue for school, junior, and university chess championships. Freedom Holding regularly partners with FIDE on projects and participates in organizing and sponsoring international tournaments, including the World Rapid and Blitz Championships, as well as corporate and school championships.</p><p><strong>About Freedom Holding Corp.</strong></p><p><i>Freedom Holding Corp. provides financial services in 21 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company's principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Freedom Travel. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and the common stock is included in Russell 3000 Index.</i></p><p><strong>About SuperApp</strong></p><p><i>SuperApp is Freedom Holding Corp.'s flagship application, with more than 5 million users. In addition to traditional banking services, the app enables users to purchase insurance, buy tickets to events, order groceries and other goods for delivery, book airline tickets and travel packages, and access a broad range of government services.</i></p><p><strong>About ChessBase GmbH</strong></p><p><i>ChessBase GmbH is a German company founded in Hamburg in 1986. It develops and sells game databases, analytical software, training products and online services for chess players, and also operates its major chess news platform. Its proprietary chess database has become the industry-standard database powering professional chess worldwide. The company is widely recognized as a global leader in its niche and remains one of the leading brands in professional chess training.</i></p><p>Contact<br/>Head of Public Relations<br/>Natalia Kharlashina<br/>Freedom Holding Corp.<br/><a rel="nofollow" href="mailto:prglobal@ffin.kz">prglobal@ffin.kz</a><br/>+77013641454</p><p><strong>SOURCE: </strong>Freedom Holding Corp.</p><br/><br/>View the original <a href='https://www.accessnewswire.com/newsroom/en/banking-and-financial-services/freedom-holding-corp.-acquires-chessbase-a-market-leader-in-chess-so-1158208'>press release</a> on ACCESS Newswire<br/><br/>
      <img src="https://app.accessnewswire.com/img.ashx?id=1158208" width="0" height="0"/>

FRHC

Freedom Holding Corp. Acquires ChessBase, a Market Leader in Chess Software, Data and Content

Freedom Holding Corp. Strengthens Chess Assets with ChessBase Acquisition

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK CITY, NY / ACCESS Newswire / April 16, 2026 / Freedom Holding Corp., the international investment and technology company, has announced the acquisition of ChessBase, one of the world&amp;#39;s oldest and largest</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Freedom Holding Corp. has acquired ChessBase, investing €5 million to enhance its platform using AI. This acquisition aims to strengthen its digital ecosystem and expand client access, potentially increasing revenue and market share in the chess community.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Freedom Holding Corp. acquires ChessBase for €5 million.</li><li>Investment aims to enhance ChessBase with AI and integration into its ecosystem.</li><li>No layoffs planned; company expects to recruit more staff.</li><li>Freedom currently allocates over $15 million annually to chess development.</li><li>Acquisition strengthens Freedom Holding&#039;s position in the global chess community.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>ChessBase GmbH (N/A)</strong>: Acquisition enhances FRHC&#039;s chess portfolio and strengthens client engagement.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This acquisition falls under Corporate Developments as it expands FRHC&#039;s technological reach and diversifies its service offerings within the digital ecosystem, indicating growth potential in a niche market.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Strengthening ChessBase could enhance FRHC&#039;s market position and attract more users.</li><li>Investment in AI may lead to innovative product offerings, increasing customer engagement.</li><li>Future recruitment plans suggest a commitment to expansion, impacting operational capacity positively.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>FRHC acquired ChessBase for €5 million.</li><li>ChessBase serves over 11 million clients globally.</li><li>FRHC invests over $15 million annually in chess initiatives.</li><li>ChessBase has been a leader in chess software since 1986.</li><li>FRHC operates across 21 countries, enhancing its geographic reach.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Buy FRHC shares; the ChessBase acquisition could unlock significant revenue growth over the next 12 months.</p>
  </section>
</section>


<p><strong id="dateline">NEW YORK CITY, NY / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / April 16, 2026 / </strong>Freedom Holding Corp., the international investment and technology company, has announced the acquisition of ChessBase, one of the world's oldest and largest platforms specializing in chess software, analytics and database solutions. The company plans to strengthen the platform's market position through the broader deployment of artificial intelligence and its integration with the group's ecosystem. The expected investment in the project is approximately €5 million.</p><p>"ChessBase is an exceptionally strong brand with a rich history and, arguably, one of the most important projects for the global chess community. Together with the team that created the platform and continues to run it, we believe we can make substantial progress in modernizing the service, enriching its functionality through artificial intelligence, and integrating it into our digital ecosystem through SuperApp," said Timur Turlov, Chief Executive Officer of Freedom Holding Corp.</p><p>Turlov added: "I believe this partnership will strengthen ChessBase's position not only among professional chess players, but will also open up new opportunities by giving our clients direct access, with more than 11 million clients across the group in more than 20 countries."</p><p>Turlov added that the investment will be directed toward modernizing the platform and further developing and expanding its technological architecture. At the same time, ChessBase's headquarters will remain in Hamburg, and the core team will remain in place. No job cuts are planned. On the contrary, the company expects to invest significantly in the business and recruit additional staff as the platform develops further.</p><p>"This is great news for the chess world. ChessBase, an important part of the chess heritage, is entering a secure new stage of development. Having an investor who genuinely loves chess is perhaps the best outcome imaginable. I am confident that new and exciting opportunities lie ahead for the global chess community," said Rainer Woisin, Managing Director of ChessBase.</p><p>Timur Turlov, Chief Executive Officer of Freedom Holding Corp., is also actively involved in the development of the chess industry and educational initiatives. Since January 2023, he has served as head of the Kazakhstan Chess Federation, and since September 2024, he has led the International School Chess Federation (ISCF), a subsidiary organization of FIDE, the International Chess Federation.</p><p>Freedom Holding Corp. actively invests in the development and promotion of chess, allocating more than $15 million annually to these efforts. In recent years, Kazakhstan has significantly strengthened its position as an international venue for school, junior, and university chess championships. Freedom Holding regularly partners with FIDE on projects and participates in organizing and sponsoring international tournaments, including the World Rapid and Blitz Championships, as well as corporate and school championships.</p><p><strong>About Freedom Holding Corp.</strong></p><p><i>Freedom Holding Corp. provides financial services in 21 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company's principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Freedom Travel. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and the common stock is included in Russell 3000 Index.</i></p><p><strong>About SuperApp</strong></p><p><i>SuperApp is Freedom Holding Corp.'s flagship application, with more than 5 million users. In addition to traditional banking services, the app enables users to purchase insurance, buy tickets to events, order groceries and other goods for delivery, book airline tickets and travel packages, and access a broad range of government services.</i></p><p><strong>About ChessBase GmbH</strong></p><p><i>ChessBase GmbH is a German company founded in Hamburg in 1986. It develops and sells game databases, analytical software, training products and online services for chess players, and also operates its major chess news platform. Its proprietary chess database has become the industry-standard database powering professional chess worldwide. The company is widely recognized as a global leader in its niche and remains one of the leading brands in professional chess training.</i></p><p>Contact<br/>Head of Public Relations<br/>Natalia Kharlashina<br/>Freedom Holding Corp.<br/><a rel="nofollow" href="mailto:prglobal@ffin.kz">prglobal@ffin.kz</a><br/>+77013641454</p><p><strong>SOURCE: </strong>Freedom Holding Corp.</p><br/><br/>View the original <a href='https://www.accessnewswire.com/newsroom/en/banking-and-financial-services/freedom-holding-corp.-acquires-chessbase-a-market-leader-in-chess-so-1158208'>press release</a> on ACCESS Newswire<br/><br/>
      <img src="https://app.accessnewswire.com/img.ashx?id=1158208" width="0" height="0"/>

Freedom Holding Corp. has acquired ChessBase, investing €5 million to enhance its platform using AI. This acquisition aims to strengthen its digital ecosystem and expand client access, potentially increasing revenue and market share in the chess community.

Freedom Holding Corp. Acquires ChessBase, a Market Leader in Chess Software, Data and Content

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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