বৃহস্পতিবার, ৭ জুন, ২০১২

LevelUp Grabs $12M From Highland, Google Ventures To Take Its Mobile Payment Solution National

Screen shot 2012-06-07 at 10.26.55 AMAt the beginning of the year, Square doubled its retail presence, landing in about 20K outlets nationwide. As Jack Dorsey's mobile payment system continues to find legs, all the major players have been rushing to bring their own solutions to market. Every day there's a new headline about mobile payments solutions, yet in spite of all the noise, no one in particular has all the traction. That's why Seth Priebatsch (of SCVNGR fame) and team launched LevelUp, a mobile payment and rewards network, into beta in July 2011. They wanted to create an easy, carrier, card agnostic payment and loyalty system that could be used everywhere. It's a lofty goal, but since launch, the mobile payment network has been growing fast. It now counts over 200K users and has partnered with more than 3K merchants in eight cities, including Boston, NYC, Philadelphia, Atlanta, Seattle and San Francisco. And, today, SCVNGR and LevelUp are adding more coin to their coffers to kick the payment network's expansion into high gear, announcing that they've collectively raised $12 million in funding.

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