Level (Financial Services) Overview
- Year Founded
-
2016
- Status
-
Acquired/Merged
- Employees
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115
- Latest Deal Type
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M&A
Level (Financial Services) General Information
Description
Provider of modern banking services intended to combine the simplicity of a debit card with the cashback of a credit card. The company's services specialize in checking accounts to hold money, a credit card that gives rewards, and an application that combines them, enabling users to get cashback annually on average current position.
Contact Information
Website
www.levelbank.comCorporate Office
- P.O. Box 7775
- PMB 46106
- San Francisco, CA 94120-7775
- United States
Corporate Office
- P.O. Box 7775
- PMB 46106
- San Francisco, CA 94120-7775
- United States
Level (Financial Services) Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 9. Merger/Acquisition | 07-Apr-2021 | Completed | Generating Revenue | |||
| 8. Later Stage VC | Completed | Generating Revenue | ||||
| 7. Early Stage VC | Completed | Generating Revenue | ||||
| 6. Debt - PPP | 30-Jan-2021 | Completed | Generating Revenue | |||
| 5. Debt - General | 05-Feb-2020 | Completed | Generating Revenue | |||
| 4. Early Stage VC | 01-Jan-2020 | Completed | Generating Revenue | |||
| 3. Early Stage VC (Series A) | 23-May-2019 | Completed | Generating Revenue | |||
| 2. Debt - General | $7M | $18M | Completed | Generating Revenue | ||
| 1. Seed Round | 23-Oct-2017 | $11M | $11M | Completed | Generating Revenue |
Level (Financial Services) Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series A | ||||||||
| Seed | ||||||||
| Founders Pref | 530,000 | $0.000500 | 8% | $1 | $1 | 1x | $1 | 1.52% |
Level (Financial Services) Comparisons
Industry
Financing
Details
Level (Financial Services) Competitors (1)
One of Level (Financial Services)’s competitors is Amrapali Online Venture, a Venture Capital-Backed company based in Ahmedabad, India.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Amrapali Online Venture | Venture Capital-Backed | Ahmedabad, India |
Level (Financial Services) Patents
Level (Financial Services) Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20200134604-A1 | Credit card with selectable debit-style functionality | Inactive | 29-Oct-2018 |
Level (Financial Services) Signals
Level (Financial Services) Former Investors (18)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Angel (individual) | ||||
| Angel (individual) | ||||
| CSC UpShot Ventures | Venture Capital | Minority | ||
| Eniac Ventures | Venture Capital | Minority | ||
| Angel (individual) |
Level (Financial Services) FAQs
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When was Level (Financial Services) founded?
Level (Financial Services) was founded in 2016.
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Where is Level (Financial Services) headquartered?
Level (Financial Services) is headquartered in San Francisco, CA.
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What is the size of Level (Financial Services)?
Level (Financial Services) has 115 total employees.
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What industry is Level (Financial Services) in?
Level (Financial Services)’s primary industry is Other Financial Services.
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Is Level (Financial Services) a private or public company?
Level (Financial Services) is a Private company.
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What is Level (Financial Services)’s current revenue?
The current revenue for Level (Financial Services) is .
-
How much funding has Level (Financial Services) raised over time?
Level (Financial Services) has raised $40.4M.
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Who are Level (Financial Services)’s investors?
, , CSC UpShot Ventures, Eniac Ventures, and are 5 of 18 investors who have invested in Level (Financial Services).
-
Who are Level (Financial Services)’s competitors?
Amrapali Online Venture is a competitor of Level (Financial Services).
-
When was Level (Financial Services) acquired?
Level (Financial Services) was acquired on 07-Apr-2021.
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Who acquired Level (Financial Services)?
Level (Financial Services) was acquired by Avant (Financial Software).
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