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Lawin Advises Entree Capital on Investing in UAB Worapay

Lithuania
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Lawin has advised the Israeli venture capital fund Entree Capital on a EUR 400,000 investment in the Lithuanian mobile payments company UAB WoraPay. The investment was made through Olerra Investments Limited, which is an affiliate company of Entree Capital and operates under the Entree Capital brand.

UAB WoraPay is a start-up company, creating and developing mobile payments infrastructure. Currently UAB WoraPay provides mobile payment solutions for more than 150 venues in the Baltics, including restaurants, petrol stations, taxis, and entertainment arenas. One of the largest users of the system is the Lukoil network of gas stations.

Entree Capital provides multi-stage financing for innovative seed, early, and growth stage companies all over the world. The company specializes in enterprise software, payment, e-commerce, and mobile communications markets. According to LAWIN, Entree Capital, “has invested in other payments services companies, including Flypay, mCash, Scan and other."

Lawin was represented by Partner Dovile Burgiene, Associate Lina Radaviciene, and Junior Associates Arminas Banys and Arturas Grimaila.