Following clearance by the National Bank of Lithuania, WoraPay will continue to expand in the  Central and Eastern European region, invest in technology, and add new mWallets and merchants to its payment infrastructure platform.

WoraPay, a Lithuanian startup, is not a mobile wallet itself, but rather a mobile acquirer who builds a network of merchants for the mWallets: banks, telecommunication operators and payment service providers. WoraPay currently operates in the Baltics and provides mobile payment solutions for restaurants, petrol stations, taxis, entertainment arenas and sales of tickets. WoraPay is used by a number of financial institutions and mobile wallets to provide thousands of users seamless payment solutions. The company has also deployed innovative solutions for donation collections and provides analytical services for small and medium enterprises.

So how does the WoraPay solution work? „We integrate with POS software providers to build QR code solutions at merchant locations: tables in restaurants have unique QR codes, petrol pumps in filling stations have it as well, and so on. Any mWallet on the platform can be used to pay a bill – this creates many new business cases financial institutions“, says Aurimas Bakas, co-founder and CEO of WoraPay. 

WorPay met their backers in Tel Aviv during Startup Lithuania Roadshow 2013.

There are more than 150 supported merchant locations in the Baltics. Lukoil petrol station chain which is the largest in the Baltic states is among the largest customers of WoraPay.

About Worapay

WoraPay is a mobile payments system for financial institutions and mobile wallets which enables payment for goods and services to thousands of users. The company was founded by Aurimas Bakas, Vaidas Adomauskas and Nerijus Celkonas in Lithuania in 2012. Worapay is used by wallets such as Paysera, Medicinos Bank, Moblet and other financial institutions and mwallets in Central and Eastern Europe.   For more information visit www.worapay.com

About Entrée Capital

Entrée Capital provides multi stage funding for innovative seed, early and growth stage companies all over the world.  Entrée Capital was founded by successful entrepreneurs with a track record of having successfully invested and exited over twenty businesses on five continents in the past decade.  Entrée Capital has specific expertise that extends to enterprise software, payment, e-commerce and mobile markets. Among the other investments, Entree Capital has invested in the other payment companies such Flypay, mCash, and Scan.   For more information visit www.entreecap.com