We're working to bring a better way to pay to every consumer (1.5MM so far) and every merchant (5,000 so far). We're building new infrastructures to drive the cost of payment processing down… eventually to zero, so businesses don't have to pay $50BN in card fees each year. We're opening up APIs and SDKs to enable merchants, developers and anybody else to build incredible apps that leverage the information in each transaction.
Our vision is big, exciting, challenging and quite possibly impossible. But we're a company filled with smart people (70+ and counting), backed by $50MM from other smart people (Google Ventures, Deutsche-Telekom, founders of Discover Card) and we're on the road to making our vision a reality.
LevelUp has built one great application, a utility app that lets you pay with your phone and save at 5000+ merchants. But, there's a lot more that LevelUp can do. Working with our partners, we have released 20+ custom branded payment apps, and we continue to build more.