Openbucks offers a gift card payment network so consumers can use gift cards to pay for items online like cash. On July 27th, 2020, Openbucks was acquired by Paysafe. The terms of the transaction were not disclosed.
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Expert Collections containing Openbucks
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Openbucks is included in 2 Expert Collections, including Payments.
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
Latest Openbucks News
Aug 3, 2021
By Verdict Staff Share Article Paysafe has entered into a definitive agreement to acquire Peruvian alternative payments (APM) platform PagoEfectivo for an undisclosed sum. The transaction is expected to close at the end of this month. The firm specialises in the provision of eCash and online banking payments that enables merchants to offer APMs at the check-out. Its solutions are particularly utilised by merchants in the travel, digital goods, iGaming and eCommerce industries, among others. Besides Peru, PagoEfectivo also operates in Ecuador. Paysafe said that the latest investment establishes a ‘strategic foothold’ for the firm in Latin America. The firm is looking to enable businesses and consumers to connect and transact through capabilities in payment processing, digital wallet, and online cash solutions. It offers over 70 payment types in over 40 currencies across the globe. Paysafe CEO Philip McHugh said: “This acquisition reinforces our strategy of investing in, and growing our core, specialised offering in payments processing, digital wallets, eCash and online banking solutions and gives us an important, strategic foothold in Latin America; a region which is expanding fast in eCommerce in general and specifically in the specialised vertical industries such as iGaming, travel, entertainment and digital goods which are very much our sweet spot.” As part of the deal, PagoEfectivo CEO Juan Villena and his team will join Paysafe. They will be part of the company’s global eCash and online banking solutions team. Grupo El Comercio general manager of press and digital Businesses Mariano Nejamkis added: “I’m excited for the PagoEfectivo team as they embark on this next stage of their journey, now as part of a specialised payments company that is investing in alternative payments around the world. “On behalf of the entire Grupo El Comercio team, we wish the team all the very best for the future; I believe this sale will be a success story for all concerned.” In July last year, Paysafe agreed to acquire US-based payment technology company Openbucks to fuel its expansion in the US. Last month, the firm partnered with cryptoasset risk management firm Elliptic to support cryptocurrency payments compliance.
Openbucks Frequently Asked Questions (FAQ)
Where is Openbucks's headquarters?
Openbucks's headquarters is located at 440 N. Wolfe Rd. , Sunnyvale.
What is Openbucks's latest funding round?
Openbucks's latest funding round is Acquired.
How much did Openbucks raise?
Openbucks raised a total of $5.3M.
Who are the investors of Openbucks?
Investors of Openbucks include Paysafe, Clearstone Venture Partners, Morado Venture Partners, Greycroft, TiE Angels and 14 more.
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