WoraPay

paymentssoftware/whitelabel/apis-payments

FOUNDING YEAR: 2012
LOCATION: United Kingdom
Last Update: 01/05/2020

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About

WoraPay is a mobile payments platform for mWallets which enables payment for goods and services. Worapay 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 is used by a number of financial institutions and mobile wallets to provide thousands of users seamless payment solutions in restaurants, petrol stations, taxis, entertainment arenas, sales of tickets and coupons, donations and account top-ups.

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

The company generates revenue from Service fee as low as 1.7 % based on volume

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

Vaidas Adomauskas

Nerijus Celkonas

Aurimas Bakas

BOARD MEMBERS AND ADVISORS

Aviad Eyal

Arman Katiraei

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Aviad Ayal

Entree Capital

Nerijus Celkonas

Startupbootcamp

Momentum

FUNDED

YES

TOTAL FUNDING

$554.66 K

DATE OF LAST FUNDING

Apr 2016

SEED & PRIOR FUNDING

$554.66 K

SEED CLOSED ON

Apr 2016

LISTED

NO

Innovation Programs

BASICS

FOUNDING YEAR:

2012

LOCATION:

United Kingdom

Views:

140 VISITORS | 315 VIEWS
LATEST FUNDING ROUND

$555 K

TOTAL EMPLOYEES
1-10

About

WoraPay is a mobile payments platform for mWallets which enables payment for goods and services. Worapay 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 is used by a number of financial institutions and mobile wallets to provide thousands of users seamless payment solutions in restaurants, petrol stations, taxis, entertainment arenas, sales of tickets and coupons, donations and account top-ups.

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