Openbucks Winner of 2013 TiE50 Awards, Recognized as One of the Hottest Technology Startups

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Openbucks enables consumers to pay cash online through its network of 75,000 physical locations.

Our vision is to provide safe and free access to electronic payments to the billions of people worldwide, who don’t have bank accounts, credit cards or are worried of sharing their financial information when paying online.

Openbucks, the online cash payment network, won the prestigious 2013 TiE50 global awards for technology startups. TiE, a global organization dedicated to fostering entrepreneurship across its network, recognized on May 18th at its TiEcon annual conference, Openbucks as one of the top Internet companies of the year. The annual award recognizes 50 winning companies selected among over 1,000 candidates and covers five technology sectors: Internet, Life Sciences, Energy, Mobile and Software.

“We're honored to receive the prestigious recognition from TiE– a group who brings together such great and accomplished entrepreneurs around the Globe. TiE is a great supporter of Openbucks’ Payment Innovation and we are privileged to have TiE Angels among our investors,” said Marc Rochman, CEO and Founder of Openbucks. “Our vision is to provide safe and free access to electronic payments to the billions of people worldwide, who don’t have bank accounts, credit cards or are worried of sharing their financial information when paying online.”

With Openbucks consumers can pay cash offline for online purchases at thousands of e-commerce sites, simply using the gift cards of major brick and mortar retailers such as Subway, Dollar General, Burger King, Circle-K, Shell and CVS Pharmacy, part of the Openbucks network, which now counts over 75,000 stores and 200,000 point of sales.

Speaking to a global audience at the awards ceremony during TiEcon 2013, the conference Chairman and President of TiE Silicon Valley, Mr. Venkatesh Shukla said that “the TiE50 program screened 1142 companies from 24 countries and 50 best-of-breed companies were announced winners.”

“Over the past four years, the TiE50 program gained global acclaim attracting startups from all over the world. TiE50 as a brand has gained much recognition amongst the VC and Angel communities – particularly in the Silicon Valley. About 110 finalists and winners had successful exits,” said Program Chair Ram K. Reddy.

About Openbucks:
Openbucks offers a fast, convenient and safe alternative to credit cards for online payments. Consumers can get a gift card from a trusted retailer such as Subway, Circle K, Burger King, Shell, CITGO, Dollar General or Sports Authority, and load it at the point of sale with the funds they need to pay online for goods and services at participating Merchants. For more information please visit http://www.openbucks.com.

About TiE50
TiE50 is TiE Silicon Valley’s premier annual awards program keenly contested by thousands of technology startups worldwide. Awards are announced at TiEcon, the world’s largest conference for entrepreneurs. TiE is a global, not-for-profit network of entrepreneurs and professionals dedicated to the advancement of entrepreneurship. TiE provides a platform for mentoring, networking and education for technology entrepreneurs worldwide. Our global network of 54 chapters located in most major North American, Asian and European countries and cities with more than 14,000 members across 13 countries.

About TiEcon
TiEcon is the world's largest conference for entrepreneurs and intrapreneurs with loyal participation from top technology companies, leading venture capital firms, and global service providers. TiEcon 2013 attracted 3,700+ attendees from across the world -- including CEOs of established companies to first-time entrepreneurs creating new companies, to leading investment professionals and corporate executives. TiEcon was listed by Worth Magazine in their September 2011 issue to be among the 10 Best Conferences for Ideas and Entrepreneurship along with TED and the World Economic Forum. For more information on TiEcon, visit http://www.tiecon.org/.

Openbucks is a registered trademarks of Openbucks, Corp. All other trademarks and product names are the property of their respective companies.

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Brandon Levine
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