Greenbox Capital, a financial technology company in the alternative industry providing small businesses access to working capital, acquired Level Up Funding. This acquisition will allow Greenbox Capital to roll out a line of credit product, launch in additional international markets and enhance The Box, its proprietary software that overhauls traditional means of obtaining capital with an Uber-like experience for the lending market.
“We are thrilled to have Level Up Funding join our organization. Their founders and key staff are a wealth of industry knowledge,” Jordan Fein, CEO of Greenbox Capital, said. “The acquisition will immediately impact growth and the unique selling proposition that we offer our clients. We’ll continue to make strategic moves to scale, which includes synergistic acquisitions to further distance ourselves from our competitors. Level Up is the first of many to come.”
“Our mission has always been driven by a consumer-first perspective,” Maciej Bykowski, co-founder and president of Level Up Funding, said. “Having a shared vision for the future of alternative lending, we are excited to work together to leverage technology to enhance Greenbox Capital’s product offering and create a seamless customer experience.”
“We’re very excited for our future here at Greenbox. We will have the opportunity to develop new products that will aid clients across the U.S. and abroad with their business growth,” Drew Batiato, co-founder and head of product at Level Up Funding, said.
