OpenBucks

OpenBucks Corp.OpenBucks Corp. was founded in 2010 and is headquartered in Sunnyvale, US. The company provides a payment solution targeting the gaming sector, allowing users to make purchases using prepaid cards. In July 2020, Paysafe Group Limited acquired OpenBucks, although specifics of the financial terms were not disclosed. The founder's history is not publicly available, and there are no mentions of prior companies founded by them.OpenBucks offers a payment platform designed for consumers who prefer prepaid options over traditional banking methods. The Obucks card is accepted across a wide range of gaming merchants, facilitating a seamless checkout experience for users who do not possess bank accounts or credit cards. This service is tailored primarily for the gaming industry, enabling resellers to effectively monetize prepaid card consumers.OpenBucks employs a transaction-based revenue model, generating income by processing payments made via its Obucks card and associated APIs. Merchants partnering with OpenBucks typically integrate the service into their existing payment processes, often resulting in an increase in sales by 2-5% when incorporating prepaid payment methods. While specific pricing details are not disclosed, fees are likely applied on a per-transaction basis or through subscription arrangements for continued service access.OpenBucks is strategically positioned for future growth following its acquisition by Paysafe Group in July 2020. The company plans to enhance its product offerings and expand its market presence, specifically targeting additional segments within the gaming industry and exploring new geographic markets.

1. Series A

   Jul 17, 2012

   Amount

   $4.8M

   Investors

   Locked

2. Seed

   Apr 13, 2011

   Amount

   Undisclosed

   Investors

   Locked