HQ: Santa Clara, Calif.
CEO: Marc Rochman
New Funding: $4.8 million
Backers: Former Yahoo executives Jerry Yang, Terry Semel, Greycroft Partners, BV Capital, Clearstone Ventures, Morado Ventures, Novel TMT Ventures, Inspiration Ventures, CrunchFund, SV Angel, TiE Angels
Openbucks has made some noise lately behind its Openbucks Gift Card Payment Network, which allows users who don't use credit or debit cards -- or who want to keep their financial information private -- to make transactions online using gift cards from major retailers like CVS, Burger King and Shell. Ex-Yahoo Yang stated, "Openbucks stands at the forefront of the future of online payments as it provides a simple solution to the twenty-five percent of U.S. households and most U.S. teens who have no or very limited access to credit cards along with the many consumers that are leery of providing their financial information online."