Fundraising Fox
Openbucks
acquired by PaysafeSan Jose, US · Founded 2011 · 9 known investors
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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.
Board
Investors · 9
How we know: Inspiration Ventures's portfolio page · prnewswire.com · Not right? Tell us
How we know: Mucker Capital's portfolio page · Not right? Tell us
How we know: funding news · prnewswire.com · Not right? Tell us
Also in the syndicate · 4
Funding
SEC filings, press & company announcements$500K disclosed across 1 of 2 rounds · 2012–2014
- Undisclosed amountSeries AJul 2012
BV Capital, Clearstone Ventures, CrunchFund, Greycroft Partners, Inspiration Ventures, Morado Ventures, Novel TMT Ventures, SV Angel, TiE Angels
Source ↗
▶$500KraisedApr 2014 · 3 investors · Other TechnologyRule 506(b)
- 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
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
2 people who came through Openbucks went on to found or lead other companies.
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, Morado Ventures, SV Angel, Tuesday Capital.
- How much funding has Openbucks raised?
- Openbucks has disclosed $500K raised across 1 of its 2 known rounds.
- Who acquired Openbucks?
- Openbucks was acquired by Paysafe.
- Where is Openbucks headquartered?
- Openbucks is headquartered in San Jose, US.