SCVNGR snags USD12 million for mobile payment app

Total funding of USD32 million

SCVNGR, a social location-based app, has raised USD12 million for its payment app LevelUp from Highland CapitalGoogle VenturesBalderton CapitalContinental Investors and Transmedia Capital. The deal brings SCVNGR’s total funding to USD32 million.

SCVNGR’s new payment app LevelUp for devices running on Google’s Android operating system and Apple’s iPhone lets users store credit or debit card details to make payments using their smartphones. The app lets businesses set up loyalty and reward schemes in order to boost user engagement.

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