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Aurimas Bakas
CxO - Start-up Co-founder - Start-up Adviser
Professional Background
Aurimas Bakas is a seasoned CXO-level executive with extensive experience in the fintech and software industries. Known for being a serial entrepreneur, Aurimas has played a pivotal role in launching and leading several successful companies, showcasing his exceptional skill in business development and strategic management. Among his most notable achievements is the successful exit of Paysolut to SumUp in 2021, marking a significant milestone in his career. Other successful exits include Dtecnet to MarkMonitor in 2010, Marguard to Prisync in 2021, and the acquisition of Data Logistics Center by Quaero Capital in 2020.
His career path is characterized not only by key successes but also by valuable lessons learned from various challenging situations and failures. Each of these experiences has equipped him with a global mindset and enriched his corporate skills, cultivated from his time in multi-national corporations and dynamic growth companies.
Education and Achievements
Aurimas's educational background reflects a commitment to lifelong learning and excellence. He has refined his leadership and strategic skills through various esteemed programs, including the Berkeley Executive Leadership Program at the University of California, Berkeley's Haas School of Business. Additionally, Aurimas has participated in the BalticLab at the Swedish Institute, further enhancing his business acumen.
His executive education journey includes a program focused on Professional Board Members at the Baltic Institute of Corporate Governance. He holds a Master's degree in the Science of Politics from Vilniaus universitetas / Vilnius University, which underpins his understanding of the political landscapes that influence business environments. Furthermore, Aurimas obtained a Bachelor’s degree in Business Management from the same prestigious institution, setting a strong foundation for his entrepreneurial endeavors. His early education at Radvilu Secondary School further cemented his analytical and critical thinking abilities.
Leadership Roles and Contributions
Aurimas Bakas has a rich history of leadership positions in various organizations. He served as the Co-Founder at CyberUpgrade and Kora, and as a pivotal figure in the founding of Paysolut, where his contributions directly influenced the organization's direction and success. His role as Chairman of the Board at DocLogix exemplified his capabilities in guiding organizations toward achieving their strategic objectives. Moreover, he contributed significantly as a Member of the Board at Data Logistics Center, demonstrating his expertise in governance and strategic oversight.
As a Co-Founder at WoraPay Inc., Aurimas once again showcased his entrepreneurial spirit, working on innovative solutions in the payment industry. He has also made impactful contributions to technology and innovation through his role as Chairman and Member of the Board at the Technology and Innovation Center, promoting the advancement of technology-driven initiatives.
His leadership experience extends to DtecNet, a part of Thomson Reuters from 2012, where Aurimas held dual roles as Director in Vilnius and Chief Deployment Officer internationally. His responsibilities involved spearheading strategic initiatives and deploying impactful solutions in the market. Earlier in his career, he played a crucial role as Deputy Director in Vilnius and Director in Dublin & London at Gaumina, where he continuously demonstrated his abilities in managing cross-border operations and enhancing business relationships.
Notable Achievements
Aurimas Bakas has a track record rich with significant accomplishments that underline his expertise in business development and strategic leadership. The successful exits of several companies under his guidance, including Paysolut, Marguard, and DtecNet, serve as testaments to his capabilities and innovative approaches to entrepreneurship. Moreover, his involvement in acquiring and merging companies with significant industry players reflects his adeptness in navigating complex business landscapes.
In addition to his entrepreneurial successes, Aurimas has also played a crucial role in shaping organizational strategies and fostering growth through his board memberships. His contributions to the Technology and Innovation Center exemplify his commitment to supporting innovation and technology advancements in the region.
Conclusion
Aurimas Bakas exemplifies the qualities of a forward-thinking business leader, with a robust blend of experience, education, and entrepreneurial success. His journey through different sectors and roles signifies a commitment not only to professional success but to the growth and advancement of the fintech and software industries. Through his various endeavors, Aurimas continues to inspire aspiring entrepreneurs and seasoned professionals alike, making significant contributions to the business landscape on a global scale.
