LevelUp explained

LevelUp
Owner:Just Eat Takeaway
Parent:Grubhub Inc.
Company Type:Private
Founder:Seth Priebatsch
Area Served:Worldwide
Location City:Boston, Massachusetts
Location Country:United States
Num Employees:200
Registration:Required
Launch Date:March 2011
Current Status:Inactive
Language:English
Website Type:Mobile Payments, Online food ordering (delivery and pickup)

LevelUp is an American mobile ordering and mobile payments platform created by Boston, Massachusetts–based start-up SCVNGR. On July 25, 2018, it was announced that LevelUp would be acquired for US$390 million by Grubhub, an online food delivery platform.[1]

History

LevelUp was initially launched in March 2011,[2] and operated for its first 3 months as a daily deals platform.[3] In July 2011, LevelUp shifted away from daily deals to focus exclusively on facilitating mobile payments.[4] In July 2013, around 200,000 users and 3,000 companies were using LevelUp.[5] In October 2014, around 14,000 stores were using LevelUp.[6] In May 2017, they announced that they had raised $50 million in funding, with over 50,000 locations and more than 200 brands using Levelup.[7]

Overview

The LevelUp mobile application for iPhone, Android and Windows Phone allowed registered users to securely link their debit or credit card to a unique QR code displayed within the app. To pay with LevelUp, users scanned the QR code on their phone at LevelUp terminals located at local businesses who accept LevelUp as a form of payment.

Some merchants that accepted LevelUp as a form of payment also offered monetary savings to users.[8] Users are given “First-Time Visit Specials” the first time they made a transaction at the merchant's location. Users could also unlock "credit" to a merchant's store after spending a certain amount at the merchant's location.[4]

As of June 2016, LevelUp was available for businesses in the Boston,[2] Chicago,[9] Washington DC, Northern Virginia, Philadelphia,[4] St. Louis, New York City,[4] Atlanta, San Francisco,[4] Dallas, San Diego, Minneapolis, Montgomery, Kansas City, Seattle, and Wilmington (North Carolina) areas.

In early 2018, the company announced the release of Broadcast, enabling restaurant brands to reach new customers by allowing them to browse live menus, order ahead and pay directly from high-traffic apps such as Facebook, Messenger, Yelp, Foursquare, Amazon Alexa and Chase Pay.[10]

As of September 30, 2021, the LevelUp app is no longer available.[11]

Further reading

Notes and References

  1. News: Grubhub acquires payments and loyalty company LevelUp for $390M. TechCrunch. 2018-07-25. en-US.
  2. Web site: Kirsner . Scott . Test-driving SCVNGR's new LevelUp app for local discounts . . March 11, 2011 . June 14, 2016.
  3. Web site: SCVNGR Pilots New Hybrid Mobile App for Local Merchant Deals With Game Mechanics. Jennifer Van Grove . 10 March 2011 . Mashable.
  4. Web site: LevelUp app aims to keep coupon users coming back. Sutter, John D. . 12 October 2011 . .
  5. Web site: Chen . Brian X. . LevelUp Tries Dropping the Transaction Fee for Mobile Payments . . July 12, 2012 . June 14, 2016.
  6. Web site: Shontell . Alyson . Payment Startup LevelUp Thinks It Has Found A Way To Charge Merchants A 0% Credit Card Processing Fee . . April 16, 2014 . June 14, 2016.
  7. Web site: Ainger . Neil . LevelUp mobile app gets $50 million in latest fintech fundraising round . . May 16, 2017 . March 14, 2017.
  8. Web site: Martinez . Edecio . LevelUp challenges Groupon's model with trio of deals . . August 29, 2011 . June 14, 2016.
  9. News: Wong . Wailin . Loyalty program LevelUp to launch in Chicago . February 16, 2012 . Chicago Tribune. June 14, 2016.
  10. Web site: Whitten. Sarah. 2018-01-09. LevelUp rolls out new service for restaurants hoping to snag new customers. 2021-02-11. CNBC. en.
  11. Web site: August 20, 2021 . When will I no longer be able to use the LevelUp app? . 2024-05-30 . support.thelevelup.com.