What Foundry does

Foundry operates the Olimp Casino online gambling platform, targeting adult players in Kazakhstan with real-money wagering on slots, live casino, crash games (Aviator), sports betting, and lottery products. The firmographic record also describes Foundry as a digital product studio building custom digital products, while the substantive website and product evidence (the foundrymakes.com domain hosting Olimp Casino content) indicates the entity is operating as a licensed iGaming operator. Leadership comprises Nils Hansen (CEO, Founding Partner) and Robert Nelson (CTO, Founding Partner).

The platform is built on cross-device-optimized web infrastructure with native Android and iOS applications, supporting registration and login by phone or email in under 60 seconds. Core technical features include a multi-domain access system (олимп кз mirror domains) that maintains availability during ISP-level restrictions, KYC identity verification, SSL encryption, and integration of tier-one game content from NetEnt, Pragmatic Play, Evolution, Play'n GO, and BGaming. Payment infrastructure supports Kaspi (Kazakhstan's dominant fintech), Visa/MasterCard, and cryptocurrencies (BTC, ETH, USDT), with settlement in KZT, USD, or EUR and payout processing ranging from 5 minutes to 24 hours.

Foundry monetizes through a transaction-based model capturing the house edge on all wagers placed across slots, live casino, sports betting, and other games of chance. Marketing-driven welcome bonuses of up to 160,000 KZT plus free spins fund player acquisition, while a 24/7 online chat and Telegram bot handle support and promotional distribution. The platform operates under a stated license from the Gaming Board of Anjouan (offshore jurisdiction) and targets a single primary customer segment: Kazakhstani online gamblers seeking KZT-denominated play, local payment methods, and continuous access despite local restrictions. No parent company, ownership structure, or institutional investors are disclosed.

Name

Foundry

Legal name

Olimp Casino

Website

https://foundrymakes.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Foundry operates Olimp Casino, a licensed online gambling platform targeting Kazakhstani players with slots, live casino, sports betting, and lottery products from tier-one providers, supporting KZT payments via Kaspi and crypto.

Ownership category

akta.pro rank

Headquarters

HQ city

Minneapolis

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Player deposits and wagering: Revenue generated from player deposits used for gambling activities including slots, live casino, sports betting, and other games of chance. The platform takes a house edge on all wagers placed.
2. Welcome and promotional bonuses: Marketing-driven bonuses (up to 160,000 ₸ and free spins for new users) funded by player deposits, creating engagement while generating house revenue from active play.
3. Crypto transactions: Acceptance of cryptocurrency payments (BTC, ETH, USDT) as alternative payment method, enabling transactions with digital assets for gambling activities.

Pricing tiers

Distribution channels3 records

Marketing channels3 records

Core offering

Foundry is a digital product studio that designs and builds custom digital products to help companies grow. The firm provides end-to-end services spanning product strategy, user experience design, and software engineering, delivering tailored digital products for client companies rather than off-the-shelf software.

Differentiator

Problem solved

Functional benefit

Products and services

• Custom Digital Product Design

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core.

• NetEntcoreTechnology or IntegrationGame content provider supplying online slot games and casino entertainment titles to the Olimp Casino platform, contributing to the game's variety available to players.
• Pragmatic PlaycoreTechnology or IntegrationMulti-content provider delivering slots, live casino, and other gaming products to the platform, supporting cross-category entertainment offerings.
• EvolutioncoreTechnology or IntegrationLive casino specialist providing real-time dealer games and streaming infrastructure for the live gaming section of Olimp Casino.
• Play'n GOcoreTechnology or IntegrationSlot game developer supplying mobile-first casino entertainment titles featuring distinctive themes and gameplay mechanics.
• KaspicoreChannel Partner/ Reseller/ DistributorLeading Kazakhstani fintech and e-commerce platform enabling local players to deposit and withdraw funds using Kaspi payment methods integrated into the Olimp Casino checkout system.
• Gaming Board of AnjouancoreOthersLicensing authority providing the operational license for Olimp Casino under the Gaming Board of Anjouon regulatory framework.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• 1WIN: Online casino and sportsbook targeting CIS and Kazakhstan with crypto and fiat payments. Comparable offshore operating model and product offering.
• Betwinner: CIS-focused online gambling brand with sports betting, casino, and live dealer. Comparable on payment-method breadth (including crypto) and Anjouan-style licensing.
• 1xBet: One of the largest online gambling operators targeting CIS and Kazakhstan with sports betting, casino, and crypto payments. Most directly comparable competitor on geography, product mix, and offshore licensing model.
• Parimatch: Major CIS-licensed online sportsbook and casino operator with strong Kazakhstan presence. Comparable in product breadth (sportsbook + casino + live dealer) and target market.
• Pin-Up Casino: Online casino and sportsbook active across CIS markets including Kazakhstan, with similar bonus-led acquisition and multi-provider game library. Direct competitor for the same player cohort.
• Mostbet: Online gambling brand operating in CIS and Central Asia with casino, live dealer, and sportsbook. Comparable on offshore licensing, regional focus, and product breadth.

Regional players

• 4RaBet: Online casino and sportsbook with brand presence in CIS and Kazakhstan. Comparable product mix but more sportsbook-weighted, serving largely the same regional customer base.
• Leon Bet: Established CIS-licensed online gambling operator with sportsbook and casino. Comparable in regional focus and product mix, though with a stronger licensing footprint.

Emerging players

• Vulkan Casino: Slot-focused online casino brand with Russian-language interface and CIS presence. Comparable on casino content library and Russian-speaking audience, though smaller sportsbook offering.

Others

• Kaspi.kz (payment partner): Dominant Kazakhstani fintech and e-commerce super-app; integrated as the core payment rail for the platform. Not a competitor but a critical ecosystem dependency that shapes the platform's distribution and unit economics.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks4 records

Key highlights5 records

Customer concentration

• Xx.com/foundrymakes

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Foundry