Employer.com Makes a Bold Move to Acquire Fintech Startup Level

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Employer.com is making headlines once again, this time with an offer to acquire Level, a fintech startup that recently shut down after struggling to find a buyer. The company, known for providing dental and vision benefits to businesses, abruptly closed its doors last week, leaving many of its clients searching for new service providers.

The offer was confirmed by Employer.com’s Chief Marketing Officer, Matt Charney, who shared that the deal is now under review. “It’s with legal,” Charney said, pointing out that while the acquisition is in progress, a few details are still being worked out.

Level, founded in 2018 by former Square employee Paul Aaron, raised over $30 million in funding, including a $27 million Series A round in 2021, with backing from well-known investors like Lightspeed Venture Partners and Khosla Ventures. Despite its promising start, the company struggled to stay afloat and had to shut down.

But the acquisition offer comes just a week after Employer.com made a similar offer to acquire Bench, an accounting startup that also suddenly closed its doors, leaving customers locked out of their accounts. Employer.com’s quick moves to step in and help these businesses could be a game changer for the struggling fintech space.

Though the details of the Level acquisition are still being finalized, Employer.com’s growing reputation for helping struggling startups recover has many people talking. If the deal goes through, it will add to Employer.com’s efforts to expand and build a strong presence in the industry.

As discussions continue, many are curious to see how Employer.com will help Level get back on track and continue to grow. After successfully acquiring Bench, this could be another win for Employer.com and an exciting opportunity to support the fintech industry during a challenging time.