LYRA WALLET, the payment system product from the Celje-based startup Allbatron, recipient of Slovene Enterprise Fund’s SK50 investment, is one of the 50 finalists of the competition Pioneers of the Balkans to which more than 500 startups applied. The competition is organized by one of the biggest startup conferences Pioneers Festival, and the World Bank.
Going for the win in Zagreb
50 finalists, innovative startups from Southeast Europe, will compete for the win at this year’s Balkan Venture Forum, held in Zagreb on 3 and 4 December 2015.
Allbatron team (right) during the working weekend for the SK50 investment.
Allbatron convinced with the LYRA WALLET system
Company Allbatron is developing and marketing the payment system LYRA WALLET with which students can pay bills for study fees through their computer or mobile phone. The web app helps computerize Balkan universities and significantly simplifies the work of employees in the higher education system, because it enables a unified database of students with a unified payment system. At the same time, it is much easier, faster and cheaper for students to pay their fees, compared to now when they’re used to standing in long lines in front of the payment boxes.
The evaluation committee of the Pioneers of the Balkans competition was convinced by Allbatron and their Lyra Walet payment system.
Their product is currently focused on the entire Balkan region, especially Macedonia, Albania and Turkey. Research showed that the large majority of universities there have a fragmented payment system for university services. This means that study fees aren’t paid in one amount but students get on average 30 bills during the year and have to pay everything by hand. For every exam or any transaction, they have to pick up the invoice in the administration office, pay for it and then take the confirmation of payment back to the office. Consequently, there is a big confusion, including a lot of unnecessary bureaucracy.
Focused on the Balkans
Address: Allbatron d.o.o., Aškerčeva ulica 14, 3000 Celje
Contact information
Website: http://www.allbatron.com
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Piooners of the Balkans
Allbatron
