CentroCredit Bank
Build. 1, 31/2, Pyatnitskaya St., Moscow, Moscow City, 119017, Russian Federation
Overview
CentroCredit Bank was established in 1989. In 1991, the Bank obtained the Central Bank of Russian Federation General License № 121. CentroCredit Bank is operating and actively developing as a universal customer-oriented bank laying special emphasis on investment banking; therefore much attention is given to the diversification of the services provided and to the establishment of the up-to-date infrastructure necessary for the successful business.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Financial Services
Investment portfolio
- LevelUp
Participated · Equity · May 2017
LevelUp operates a mobile payment app that lets consumers order ahead and a merchant-facing unit, LevelUp Agency, which builds custom mobile engagement programs for restaurants. LevelUp Agency develops in-store and order-ahead loyalty programs and a CRM to deliver targeted promotions. The company lists partners including sweetgreen, Tropical Smoothie Cafe, Potbelly Sandwich Shop and nearly 200 other brands. LevelUp is led by Seth Priebatsch and is backed by investors including Google Ventures, Highland Capital and JPMorgan Chase. The company completed a $50M funding round and said it will use the proceeds to continue advancing product development and to accelerate growth. No revenue or user metrics were provided in the article. LevelUp is a mobile payment and loyalty platform that currently uses QR codes and plans to adopt NFC in the future. The product is designed to be carrier- and card-agnostic and to provide merchants with customer acquisition, retention, and analytics in a single solution. As of the article, LevelUp processes payments at about 3,000 participating merchants, including Ben & Jerry’s, Quizno’s, and Johnny Rockets. More than 200,000 users spend roughly $2 million per month through LevelUp. The company has grown its U.S. staff to 162 and expected to reach 200 by year end, and it aims to be in 50 U.S. cities by the end of the year while announcing larger nationwide chains. LevelUp lowered its merchant interchange rate to zero and instead charges merchants 35% when consumers redeem first-time and loyalty rewards as a strategy to remove merchant friction and drive adoption; the team is pushing to scale quickly in the U.S. and internationally.
Team
No current team members are available.