Fundraising Fox

Openbucks

acquired by Paysafe

San Jose, US · Founded 2011 · 4 known investors

Find your way into Openbucks

127 people in our graph share verified history with the Openbucks team — schools, employers, funds. One of them is your warm intro.

Toby Coppelunlockedknows Marc Rochman · together at J-Ventures (overlapped)
×2knows the team · via J-Ventures
knows the team · via Paysafe
×8knows the team · via Pierre and Marie Curie University

Openbucks operates a payment platform that lets online shoppers pay with cash-backed retailer gift cards and point-of-sale credits, aimed at consumers without bank accounts or credit cards or who prefer to pay cash. It provides merchants with gift-card checkout integration, an anti-fraud and AML compliance layer, and a transaction and settlement dashboard, with over 67,000 servicing locations in the U.S.

Founders & leadership

Openbucks was founded in 2011 by Marc Rochman.

MRMarc Rochman
Marc RochmaninFounder and Advisor to the Board (Acquired by PSFE)2020–2022Marc Rochman founded and leads Openbucks, a payment platform enabling online purchases with cash-backed retailer gift cards and point-of-sale credits. He brings three decades of experience in card technology, stored value systems, and payments.

Board

SM
Sumant MandalBoard director
RG
Ryan GilbertBoard director

Investors · 4

Reported raises · per SEC filings

Form D private placements

$500K disclosed across 1 round · 2014

$500KraisedApr 2014 · 3 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Marc RochmanExecutive Officer, Director, Promoter
  • Sumant MandalDirector
  • Ryan GilbertExecutive Officer, Director
Offering amount
$1M
Amount sold
$500K
First sale
Apr 2014
Incorporated
Corporation, Delaware, 2011
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

In the news

Frequently asked questions

What does Openbucks do?
Openbucks operates a payment platform that lets online shoppers pay with cash-backed retailer gift cards and point-of-sale credits, aimed at consumers without bank accounts or credit cards or who prefer to pay cash. It provides merchants with gift-card checkout integration, an anti-fraud and AML compliance layer, and a transaction and settlement dashboard, with over 67,000 servicing locations in the U.S.
Who founded Openbucks?
Openbucks was founded by Marc Rochman in 2011.
Who are Openbucks's investors?
Openbucks's investors include Inspiration Ventures, Mucker Capital, Greycroft Partners, Morado Ventures.
How much funding has Openbucks raised?
Openbucks has disclosed $500K raised across 1 round.
Who acquired Openbucks?
Openbucks was acquired by Paysafe.
Where is Openbucks headquartered?
Openbucks is headquartered in San Jose, US.