Level Technology Inc. Asset Profile

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Year established

2019

Location

Seattle WA US

Primary Industry

Financial Services

About

Founded in 2019 and based in Washington, US, Level Technology Inc. operates as a credit platform for small enterprises to fuel their business. The firm was founded by the CEO Mr. David Edelstein and Mr. Connor Adams which the company has raised a seed funding of USD 1.5 million in February 2021. Level Technology Inc. provides a mobile application that enables startups to access the credit platform and allows them to borrow a set amount and pay back a portion of their future earnings until the debt is settled. It allows businesses to apply for a Level Advance through the platform and receive the fund on their designated accounts. The firm generates revenue by implementing its revenue-based financing wherein startups agreed to pay interests and contribute a percentage of their earnings on their agreed terms. Thus, the firm's platform automatically deducts the payment on the client's earnings until the debt is paid. As of 2021, Level Technology Inc. plans to offer new services like insurance products in the future.

Current Investors

NextView Ventures, Acumen, Techstars Ventures

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Primary Industry

Financial Services

Sub Industries

e-Financial, Consumer Finance

Website

www.levelgoals.com

Verticals

FinTech

Company Stage

Angel & Seed

Total Amount Raised

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