GV and Deutsche Telekom-backed mobile payment platform LevelUp has secured cash from JPMorgan Chase, US Boston Capital and CentroCredit Bank.
LevelUp, a US-based mobile payment processing app developer backed by internet technology conglomerate Alphabet, has received $50m in funding from investors including financial services firms JPMorgan Chase and CentroCredit Bank.
Wealth management services provider US Boston Capital also contributed to the round.
Founded in 2008, LevelUp originally operated under its legally incorporated name Scvngr (“scavenger”), developing a location-based gaming platform for mobile devices. The company launched mobile payments app LevelUp in 2011 and rebranded the following year.
The LevelUp app…
