Prytek

Prytek is an international technology group of companies that specializes in outsourcing internal business processes using deep tech solutions in the financial and educational fields.

The head office of the company is located in Israel, in the city of Bnei Brak.

Areas of activity

According to the information for October 2020 financial in the sphere Prytek provides services to outsourcing business processes for the banking sector and capital market in. To Europe The business unit operates through representative offices in,,, and Great Britain. Netherlands Belgium Germany Singapore

Prytek's education focus is on creating a global platform for advanced training and retraining of personnel in IT and cybersecurity. Prytek's clients include world universities in the USA, India, Poland, Israel and Russia.

History

2021

$107 million investment from Davidson Kempner

The Prytek corporate group of companies attracted $107 million in investments from an international investment company - Davidson Kempner Capital Management LP (DK). A DK representative will join Prytek's Board of Directors and Investment Committee. This became known on November 30, 2021.

Raising funds from Davidson Kempner suggests that Prytek is developing in the right direction. This is a landmark event showing confidence and interest in the company's business from international investors. Investments will help Prytek increase the value of assets, accelerate business growth and further increase organic and M&A activity, "said Igor Rybakov, co-founder of Prytek.

Together with a partner like DK, we can do a lot more. Joining our shareholder base, joining the Investment Committee and the Board of Directors is an important milestone in Prytek's development. For us, this is a big additional plus, especially given the upcoming IPO in the medium term, "added Andrei Yashunsky, CEO and co-founder of Prytek.

The funds raised will be used to accelerate the company's ambitious development strategy: in particular, the educational platform of digital professions ThriveDX, Delta Capita's inorganic growth strategy and financing other projects.

Investing in a platform developer for investment forecasts TipRanks

In mid-April 2021, the Israeli fintech company TipRanks announced the completion of a funding round in which it raised $77 million. The investment round was led by the Prytek and More Investment House Foundation, founded by Technonicol co-owner Igor Rybakov. More details here.

2020

$2.5 million investment in Russian online service FriendWork

The Russian HR-tech company FriendWork received investments in the amount of 2.5 million dollars from the international technology group Prytek for the development of cloudy the candidate and employee management system. This became known on October 5, 2020. More. here

Ownership of shares in 25 deep tech companies

According to October 2020, the Prytek group owns shares in 25 deep tech companies worth $1 billion.

The synergy of service and technology companies in the perimeter of the group allowed Prytek to create a Technology-based Managed Services model, thanks to which the group grows by 300% per year. Prytek uses service companies as platforms and, using technology solutions, creates its own products and services that reduce operating costs and increase margin.

2018

Fintech Portfolio Companies

Among the portfolio companies in the field of Fintech (data as of April 2018):

• a service for automatic decision-making on Ezbob lending, which already operates 50% of the core banking market in the UK;
• Scanovate Remote Client Verification Service
• Platform for returning VAT from foreign trips and Way2VAT events
• platform with recommendations for the stock market and traders based on AI and Machine Learning TipRanks with 300 thousand corporate subscribers.

According to information for April 2018, the company operates according to the VC model as a business integrator and is a technology distribution center. Prytek does not take money for capital management and annually pays dividends through sales of products of its portfolio companies to corporate customers. The company is investing with Fintech funds banks Israel and in technologies that are already at the growth stage.

The portfolio includes companies from the UK, Russia, Israel and the USA. As a strategic partner, Prytek invests from $0.5 to $5 million in each project and, being not a lead investor, opens them access to the emerging markets of Russia, India and Eastern Europe with an exclusive license.

Plans to bring 30 portfolio companies to the Russian market

On April 12, 2018, global VC integrator Prytek announced its intention to bring to the Russian market 30 portfolio international technology companies in the fields of Fintech, HRtech, AI, Edtech, Retail, E-commerce, Media and information security. As of April 2018, the company is already negotiating with several large banks in Russia, and by the end of the year plans to conclude contracts for its projects for $10 million.

In general, in 2018, Prytek plans to double the number of companies in its portfolio by investing in foreign projects and Russian startups with an average check of up to $2 million and promoting them in international markets.

Prytek investors include professional investors and entrepreneurs from Israel and Russia, including Igor Rybakov, co-founder of Technonikol Corporation.

The optimal development path for large companies is to integrate the technologies of advanced companies and focus on expanding the range of services and services offered. We offer a whole class of technologies for Russian financial structures that will help them make a quantum leap to digital transformation, using ready-made solutions for this. We are a one-window service for transferring and adapting advanced technologies in the world, "said Andrei Yashunsky, CEO of Global Fintech Solutions and partner of Prytek in Russia.

Prytek's model suggests higher returns for investors compared to the classic venture capital fund. Prytek is a management company that distributes technology, receives exclusive licenses for emerging markets and therefore earns multiple of more, "said Igor Rybakov, co-founder of Technonikol Corporation, a philanthropist and venture capital investor.

6 activities

Global VC integrator Prytek invests in leading international companies and transfers technology to emerging markets.

According to April 2018, the holding structure of Prytek unites 6 areas: Fintech, HR, Cybersecurity, AI, Education, X2 tech (Retail & E-commerce & Media). The anchor direction is called Global Fintech Solutions (GFS) and specializes in fintech solutions. The GFS structure was created together with Da Vinci Capital and the main task is to modernize and introduce innovation in financial institutions.