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Overview
Level provides a platform for employers to offer flexible benefit programs, such as education and medical travel funds, through commercial credit cards. Employees use these cards to spend their benefit allowances directly at the point of sale, which removes the need for manual reimbursement claims or out-of-pocket payments. Unlike traditional providers with rigid perk structures, Level allows businesses to customize spending categories while giving employees more freedom in how they use their funds. The company's goal is to increase employee satisfaction and retention by making benefits easier to access and manage through modern financial tools.
About Level
Industries
Enterprise Software
Fintech
Financial Services
Company Size
201-500
Company Stage
Series A
Total Funding
$30.8M
Headquarters
New York City, New York
Founded
2018
Simplify's Take
What believers are saying
- Employer.com's acquisition offer follows $30.8M raised, enabling quick exit.
- lvlUSD stablecoin hit $80M market cap in five months post-launch.
- Partnerships with brokers optimize employer benefits budgets via six strategies.
What critics are saying
- Ramp captures clients with lower-fee cards and accounting syncs in 6-12 months.
- Brex undercuts funds with zero-fee reimbursable cards in 12-18 months.
- DOJ scrutiny halts Celtic Bank card issuance in 12-24 months.
What makes Level unique
- Level provides flexible appreciation, education, and medical travel funds via commercial credit cards.
- Employees use benefits instantly like cash without reimbursements since 2018.
- Mental Health HRA and MAP expand therapy access beyond traditional funds.
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Funding
Total Funding
$30.8M
Above
Industry Average
Funded Over
2 Rounds
Lightspeed Venture Partners
First Round Capital
BoxGroup
Y CombinatorIndustry standards
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -1%2 year growth
↑ 0%Employer.com has offered to acquire fintech startup Level, which recently shut down after failing to find a buyer. Level, founded by Paul Aaron in 2018, had raised $30.8 million, including a $27 million Series A in April 2021. The offer is under legal review. This is Employer.com's second acquisition attempt in a week, following its offer for accounting startup Bench, which also abruptly closed, leaving customers without access to their accounts.
Level has officially launched its DeFi yield stablecoin, lvlUSD, which has grown to an $80 million market cap in five months. The company raised an additional $2.6 million from Dragonfly, bringing total funding to over $6 million. Unlike other stablecoins, lvlUSD generates yield exclusively from DeFi, minimizing risk with on-chain transparency. It is fully collateralized by fiat-backed stablecoins and integrated with major DeFi protocols. Level aims to scale DeFi-native opportunities.
Pollen Street Capital and Capricorn Capital have provided £105 million in funding to Level, a non-bank lender in the probate and family law sectors. The funding includes equity from Capricorn and a senior secured facility from Pollen Street. Capricorn's Robert Gottlieb and Ricardo Delgado have joined Level's board, and Harvey Bowman is the new finance director. Since 2017, Level has lent over £175 million to 1,650 clients, with its lending book growing by 71% last year.
"Partnering with LEVEL to bring their products to market in Pennsylvania expands TILT's offerings in a meaningful way for medical patients.
Media ContactDerek Clay, Communication DirectorPlatinum-Level Office Chairs***@platinum- level.com1-888-786-0102 Derek Clay, Communication DirectorPlatinum-Level Office Chairs1-888-786-0102End-- Platinum-Level Office Chairs a, leading provider of premium office furniture, is thrilled to announce a significant expansion of its platinum-level office chair offerings. Fueled by surging demand and a commitment to exceptional customer service, the company has implemented impactful changes to improve accessibility and delivery timelines.To meet the growing demand for its luxurious and ergonomically designed platinum-level office chairs, the retailer has significantly increased its inventory across all models. Additionally, the company has strategically added new warehouses nationwide, optimizing logistical efficiency and reducing delivery times for customers across the country. This translates to faster processing and shorter wait times, ensuring a seamless purchasing experience.Platinum-Level Office Chairs is excited to unveil its expanded online presence, now offering its popular platinum-level office chairs on a wider range of e-commerce platforms. Customers can now conveniently shop for their desired chairs on Amazon, Walmart, eBay, Google Shopping, Bonanza, as well as other marketplaces in addition to the company's website. This increased accessibility opens up new avenues for customers to discover the comfort and productivity-enhancing features of our platinum-level chairs."Quote from a company spokesperson highlighting the importance of increased inventory and expanded reach in meeting customer needs.""Quote from a satisfied customer praising the comfort and quality of your platinum-level chairs and the convenience of the new online options."Platinum-Level Office Chairs is a leading provider of high-quality office chairs, specializing in ergonomic and executive chairs designed to maximize comfort, productivity, and well-being in the workplace
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About Level
Industries
Enterprise Software
Fintech
Financial Services
Company Size
201-500
Company Stage
Series A
Total Funding
$30.8M
Headquarters
New York City, New York
Founded
2018
There are no jobs for Level right now.
Find jobs on Simplify and start your career today