Concryt

Company Background & History

Concryt was founded in 2023 by Ryta Zasiekina, who had previously built a reputation as a dynamic decision-maker and skilled negotiator in the payments and fintech space. According to her interview with Authority Magazine, Zasiekina created Concryt to “help merchants across all sectors make quantifiable impacts in the online space, by combining unrivalled sector expertise with a commitment to innovation.” The company launched with a focus on bridging the gap between traditional banking and modern payment processing, targeting merchants in high-growth sectors like iGaming, e-commerce, and digital services.

Within two years of operation, Concryt achieved rapid growth, expanding its team to over 50 employees and establishing a presence across multiple jurisdictions. In early 2025, the company enhanced its payment gateway with Large Language Model (LLM) analytics, integrating AI-driven insights into payment performance, fraud risk, and cost optimisation. This move underscored Concryt’s commitment to leveraging cutting-edge technology to improve merchant outcomes.

Products & Services

Concryt offers a comprehensive suite of payment and banking solutions:

- Payment Gateway – A PCI DSS-compliant gateway that tokenises sensitive payment data, allowing merchants to accept credit/debit cards, digital wallets, bank transfers, and alternative payment methods. The platform supports both deposits and payouts. - Merchant Account Services – Dedicated merchant IDs (MIDs) for businesses, enabling them to process transactions through Concryt’s acquiring network. - Banking Services – Access to a global network of banking partners for B2B account opening, cross-border transfers, and foreign exchange. - Risk Management & Compliance – Tools for fraud detection, chargeback mitigation, and regulatory compliance, including policy creation, risk assessment, and remediation support. - Payment Technology Consulting – Advisory services for payment software development, data protection, and data storage, helping merchants build or integrate custom payment solutions. - LLM Analytics – AI-powered insights integrated into the payment gateway to optimise transaction performance and identify fraud patterns.

Target Verticals

Concryt serves a diverse range of industries, with particular strength in iGaming and online gambling, e-commerce and retail, subscription-based services, travel and hospitality, and online entertainment and digital content.

Compliance & Security

Concryt prioritises security and regulatory compliance. Its payment gateway is PCI DSS compliant, and the company tokenises payment data to allow flexibility in moving data between service providers. It regularly amends security and supervision protocols to safeguard customer information. While specific licences are not publicly listed, Concryt advertises its ability to handle compliance in regulated industries, suggesting it holds or partners with licensed entities in key markets.

Market Position & Partnerships

Concryt is integrated with Corefy’s payment orchestration platform, allowing merchants to connect Concryt alongside 600+ other payment providers without extra development. This integration highlights Concryt’s interoperability and its focus on being a flexible, plug-and-play solution for businesses seeking payment diversification. The company also maintains strong relationships with banks and acquirers globally, enabling it to offer bespoke banking and payment solutions.

Reputation & Thought Leadership

Concryt publishes educational content to help merchants navigate payment challenges. In a guide published by The Fintech Times, the company provided insights on selecting payment gateways and reducing chargebacks. Its founder, Ryta Zasiekina, has been featured in Authority Magazine discussing leadership and fintech innovation. The company’s LinkedIn page has over 8,500 followers and regularly shares industry updates, including commentary on Mastercard’s evolving merchant monitoring rules.

Financial Status

Concryt is privately held and has not publicly disclosed funding rounds or revenue figures. However, its rapid team growth (51–200 employees within two years) and public investment in LLM technology suggest strong financial backing from its founder and possibly external investors. No news of a formal funding round was found in searches up to early 2026.