LevelUp moves to new office, adding employees and partners

Written By Unknown on Rabu, 07 Mei 2014 | 20.25

Mobile payments company LevelUp has increased its user base and headcount quickly in the past four months and has moved to a new office, the the number of active users is still lagging.

"Since January, we've grown about 15 percent and in the process moved to new offices in Downtown Crossing," said Matt Kiernan, marketing director for LevelUp.

The company said it has 1.5 million users, and active users - users with five or more purchases in a month - have increased 35 percent since January.

"We're seeing an increase in launches in white label apps where we've been seeing a lot of user growth," Kiernan said. "We are growing in terms of partnerships, revenue in terms of campaign sales."

Orders per months and spend volume are up 50 percent since January as well.

LevelUp attributes the growth to new enterprise partners, particularly partners outside of Boston including Dunn Bros Coffee, which has 65 locations in Minneapolis. The coffee company's app uses LevelUp.

"We have a couple thousand people in Minneapolis and the surrounding area paying with the LevelUp app," he said. "We are seeing growth in the middle of the country."

LevelUp may be growing relative to January, but the number of active users  is still down compared to two years ago. In 2012, the company said it had 200,000. Now, it has 110,000, up from 80,000 in January.

LevelUp has also been hiring quickly, adding 11 positions since January, a 15 percent increase. The new office, Kiernan said, is slightly bigger, has a better layout and feel, and features murals from local artists.

"It's just a better environment for getting work done," he said. "It allows us to hire more people."


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