Boston based payments platform LevelUp has raised a $50m equity round led by JP Morgan. While the company still providers mobile payments and customer rewards, it has shifted its primary focus to a platform for restaurant brands.
LevelUp, which is one of BostInno's 17 tech companies to watch in 2017, now has nearly 1 million people using its platform every month. Shuck declined to provide revenue figures but said the company has been experiencing strong year-over-year growth. The company's app allows consumers to order ahead at a number of restaurants to save time, make payments without a credit card and receive loyalty rewards with every purchase. Those features are the backbone of the custom app development services it provides for restaurant brands that want better ways to engage with customers.