About Openbucks
Openbucks is a company based in London (United Kingdom) founded in 2011 was acquired by Paysafe in July 2020.. Openbucks has raised $4.8 million across 2 funding rounds from investors including Paysafe, AME Cloud Ventures and Clearstone Venture Partners. Openbucks offers products and services including Payment Platform, Obucks Card, PaysafeCard API, and Skrill Quick Checkout API. Openbucks operates in a competitive market with competitors including Loop Commerce, YouWorld, PayGarden, Conpoto and Braandz, among others.
- Headquarter London, United Kingdom
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Openbucks Corp.
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Products & Services of Openbucks
Openbucks offers a comprehensive portfolio of products and services, including Payment Platform, Obucks Card, PaysafeCard API, and Skrill Quick Checkout API. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables merchants to accept cash and prepaid payments online securely.
Allows users to make payments on gaming and merchant sites easily.
Facilitates gift card payments through secure API connections.
Supports quick gift card transactions via API for merchants.
Funding Insights of Openbucks
Openbucks has successfully raised a total of $4.8M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $500 thousand completed in April 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $500,000
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First Round
First Round
(04 Jun 2012)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2014 | Amount | Debt – Conventional - Openbucks | Valuation |
investors |
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| Jun, 2012 | Amount | Series A - Openbucks | Valuation | Jerry Yang |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Openbucks
Openbucks has secured backing from 13 investors, including venture fund and angel investors. Prominent investors backing the company include Paysafe, AME Cloud Ventures and Clearstone Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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AME Cloud Ventures is focused on investing in data-driven technology companies.
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Founded Year | Domain | Location | |
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Early-stage US companies are invested in by Clearstone Venture Partners.
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Founded Year | Domain | Location | |
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US based VC firm investing in seed stage
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Openbucks
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Openbucks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Openbucks Comparisons
Competitors of Openbucks
Openbucks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Loop Commerce, YouWorld, PayGarden, Conpoto and Braandz, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Customizable e-gifting SaaS platform is offered to retailers.
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| domain | founded_year | HQ Location |
Gift card-based payments for in-store purchases are enabled by YouWorld.
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| domain | founded_year | HQ Location |
Second-hand gift cards are accepted and converted for business payments.
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| domain | founded_year | HQ Location |
Community gift cards are provided for local business purchases.
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| domain | founded_year | HQ Location |
Point-of-sale solutions for gift card acceptance are offered to merchants.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Openbucks
When was Openbucks founded?
Openbucks was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Openbucks located?
Openbucks is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Openbucks a funded company?
Openbucks is a funded company, having raised a total of $4.8M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4.8M, raised on Jun 04, 2012.
What does Openbucks do?
Openbucks was founded in 2011 and is headquartered in London, United Kingdom. Operations focus on the fintech sector, where payment gateway solutions are delivered to merchants and aggregators. Card payments from customers are facilitated through APIs. Customized card programs are developed for sectors including online games and coffee stores, supporting diverse business needs across digital and physical channels.
Who are the top competitors of Openbucks?
Openbucks's top competitors include Loop Commerce, PayGarden and YouWorld.
What products or services does Openbucks offer?
Openbucks offers Payment Platform, Obucks Card, PaysafeCard API, and Skrill Quick Checkout API.
Who are Openbucks's investors?
Openbucks has 13 investors. Key investors include Paysafe, AME Cloud Ventures, Clearstone Venture Partners, Morado Ventures, and Inspiration Ventures.
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