According to the source, the investment is the second tranche of a larger funding round and brings the total raised to USD 21 million.
LevelUp provides an iPhone and Android QR code mobile payments application for consumers and a terminal system for merchants to process payments. In February 2012, LevelUp has launched its mobile payments app for iPhone and Android-powered smartphones to allow users to pay for products and services with their mobile devices. The app allows users to link a credit or debit card to their LevelUp account through which they pay at participating merchants. Participating businesses can add credit to users accounts as part of a loyalty program.
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