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WoraPay raised funding from Entree Capital

Mobile payment infrastructure company “WoraPay” (www.worapay.com) raised funding from Israel’s venture capital fund “Entree Capital” (www.entreecap.com). Company will use investments received to further expand operations in the foreign markets.  ”WoraPay” was advised strategic and M&A advisory boutique “Quantum capital”, managing partner Viktorija Trimbel, and law firm “Baltic Legal Services”, partner Robertas Degesys. Legal adviser for “Entree Capital” from “LAWIN” law firm were led by partner Dovilė Burgienė. Transaction received clearance by the National Bank of Lithuania.

“WoraPay” already operates in all three Baltic States. The company positions itself as a mobile payment infrastructure provider, enabling fast and convenient settlement for goods and services. It has been already integrated with „Wio“, „Paysera“, „Moblet“ (Estonia) and „Medicinos bankas“ mobile wallets.

„Entrée Capital“ provides multi stage funding for innovative seed, early and growth stage companies all over the world. It has been founded by entrepreneurs having over 10 years of experience in successful investments and business development across all five continents. „Entrée Capital“ has specific experience in IT, payment, e-commerce and mobile industries. „Entrée Capital“ has already invested in other payment companies, such as „Flypay“, „mCash“ and „Scan“.

More information in the media:

In English:

http://www.thepaypers.com/mobile-payments/worapay-raises-funding-to-provide-infrastructure-platform-for-mwallets/755909-16

http://www.arcticstartup.com/2014/07/23/do-mobile-wallets-need-to-band-together

In Lithuanian:

http://vz.lt/article/2014/7/23/worapay-sulauke-izraelio-rizikos-kapitalo-investicijos

http://www.delfi.lt/verslas/verslas/lietuviai-pritrauke-milijonine-investicija.d?id=65365172

http://www.balsas.lt/naujiena/799817/worapay-pritrauke-entr-e-capital-investicijas-tolesnei-mobiliuju-piniginiu-infrastrukturos-pletrai