Level

Level

Flexible employee benefits and credit solutions

About

Level provides flexible employee benefits solutions aimed at enhancing employee satisfaction and retention for businesses. The company offers commercial credit cards and various benefit options, such as appreciation funds, education funds, and medical travel benefits, allowing employees to use their funds in ways that suit their individual needs. For example, appreciation funds can be spent on team-building activities, while education funds support professional development without upfront costs. Level partners with employers, who pay for these tailored solutions, enabling them to offer attractive benefits at a lower cost. The commercial credit cards, issued by Celtic Bank, simplify the management of these benefits, ensuring a smooth experience for employees. By focusing on user-friendly tools and empowering employees with choice, Level aims to create a balanced ecosystem that benefits both employees and employers.

Company Stage

Series A

Employees

201-500

Industries

Consulting, Fintech

Total Funding

$30M

Headquarters

New York City, New York

Founded

2018


Simplify Jobs

Simplify's Take

What believers are saying

  • Rising demand for flexible work benefits positions Level for growth and innovation.
  • Integration of digital wallets enhances user experience and platform appeal.
  • Personalized benefits packages attract diverse employee demographics, boosting client satisfaction.

What critics are saying

  • Increased competition from fintech firms may erode Level's market share.
  • Reliance on Celtic Bank for credit cards poses potential regulatory risks.
  • Data privacy concerns could harm Level's reputation if not properly managed.

What makes Level unique

  • Level offers flexible, user-friendly employee benefits solutions tailored to individual needs.
  • Their commercial credit cards simplify benefit access and management for employees.
  • Level's focus on mental health benefits aligns with growing workplace wellness trends.

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Growth & Insights
Headcount

6 month growth

↓ -16%

1 year growth

↓ -15%

2 year growth

↓ -11%

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