• FOUNDING YEAR: 2012
    LOCATION:
    United States
    REGION:
    Last Update:
    27 Jun, 2019

Description

FOCUS

PRODUCTS & SERVICES:
mWallet(Bank Account), mWallet(Payment Cards) WoraPay helps retailers to significantly increase sales whilst saving time for their clients. It is achieved by allowing the retailer’s clients to order and self-checkout with their mobile and therefore avoid any queuing.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Zapper, Gather & Gather, Lloyds bank, Talk Remit, mastercard
EXISTING PARTNERSHIPS:
Bluefin payment system, Chase Paymentech
COMMENT
The huge differentiation factor from other pre-ordering solutions in the market is that the WoraPay platform integrates with existing mobile wallets - mobile apps that connect users mobile phones with their money and allow them to make payments with the phone.

PEOPLE

FOUNDERS:
Nerijus Celkonas, Vaidas Adomauskas, Aurimas Bakas
Board Members and Advisors:
Aviad Eyal, Arman Katiraei
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Entrée Capital,Startupbootcamp, Aviad Ayal, Nerijus Celkonas

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$560 K
SEED & PRIOR FUNDING:
$560 K

LATEST RESEARCH