29 May 2017
register for the webinar

Chase joins $50m LevelUp funding round

16 May 2017  |  4171 views  |  0 Chase order ahead

JPMorgan Chase has joined a $50 million funding round for LevelUp, a Boston-based mobile payments service that lets customers order ahead at partner restaurants.

US Boston and CentroCredit Bank also joined the round, the proceeds of which will be used for a hiring blitz, product development and national expansion.

Chase made an initial investment in LevelUp in 2015 and has since integrated the startup's technology into the Chase Pay app for order-ahead functionality.

So far the LevelUp API has been used to power more than 200 apps, while the firm also has its own standalone app and lets partner restaurants embed its technology into their own apps.

This means that the startup now claims to be used by nearly a million people every month and, "chief ninja" Seth Priebatsch says, the new funding "sets us up to accelerate our growth this year and next".
KeywordsFINDEX

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Chase orders ahead with LevelUp

Chase orders ahead with LevelUp

09 December 2016  |  4945 views  |  0 comments | 8 tweets | 4 linkedin
LevelUp adds iBeacon support to mobile payments platform

LevelUp adds iBeacon support to mobile payments platform

18 June 2014  |  8833 views  |  0 comments | 15 tweets | 12 linkedin
LevelUp raises another $9m

LevelUp raises another $9m

03 August 2012  |  4220 views  |  0 comments

Related company news

 

Related company information

JPMorgan Chase

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comvisit vasco.com/news/PSD2-compliant-solutionsvisit www.niceactimize.com

Who is commenting on payments?

Top payments topics

Most viewed Most shared
BBVA launches Open API marketplaceBBVA launches Open API marketplace
14518 views comments | 53 tweets | 82 linkedin
R3 raises $107mR3 raises $107m
7725 views comments | 17 tweets | 16 linkedin
TransferWise launches multi-currency business bank accountsTransferWise launches multi-currency busin...
7553 views comments | 12 tweets | 21 linkedin
Digital payments to drive social justiceDigital payments to drive social justice
7517 views comments | 24 tweets | 12 linkedin
Bank of Canada says DLT not ready for interbank payment systemBank of Canada says DLT not ready for inte...
7161 views comments | 26 tweets | 23 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job