LevelUp, a Massachusetts-based mobile payment firm, has raised $50m in fresh round of funding to advance product development and accelerate growth.
The funding round was led by JPMorgan Chase, wealth management services provider US Boston, Google Ventures and CentroCredit Bank.
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The payment company combines payments, analytics and rewards from over 200 restaurant brands, including sweetgreen, Steak ‘n Shake, Tropical Smoothie Cafe and Potbelly Sandwich Shop, to provide consumers and merchants a seamless experience.
LevelUp founder Seth Priebatsch said: “Our clients’ success keeps us going and today’s announcement reinforces the work we’ve done with restaurants nationwide. In my conversations with investors over the last 10 years, I’ve always focused on finding partners that share our passion for technology and the restaurant industry.”
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