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§ Private Profile · San Francisco, CA, USA
Fast and simple fintech financing
Level has raised $101.5M across 9 funding rounds.
Key people at Level.
Level was founded in 2021 by Asa Schachar (Founder) and Molly Hogan (Founder) and Vladimir Korshin (Founder).
Level has raised $101.5M in total across 9 funding rounds.
Level provides fast and simple financing to lending startups that gets them off the ground and grows with them as they scale. We do so by buying loans in small quantities at first and rewarding our customers with more access to capital based on performance. Co-founder & CEO, Vladimir Korshin, previously worked in the traditional venture debt system at Silicon Valley Bank, where he noticed that strong startups were frequently denied from non-dilutive financing because they were too small. Just 4 weeks after going live with our first customer, we purchased $1.3M in loans across 6 customers. The founding team brings 30+ years of startup experience: Vladimir previously worked as an operator at Facebook, Eventbrite, and Niantic; Asa Schachar was an engineer at Microsoft and managed teams of engineers at Optimizely; Molly Hogan led new and international product initiatives at Amazon for over 7 years. Level is backed by Liquid2, Y Combinator (S21), and others. https://www.trylevel.app/
Key people at Level.
Level has raised $101.5M across 9 funding rounds. Most recently, it raised $4.0M Seed in August 2024.
Level was founded in 2021 by Asa Schachar (Founder) and Molly Hogan (Founder) and Vladimir Korshin (Founder).
Level has raised $101.5M in total across 9 funding rounds.
Level's investors include Jana Messerschmidt, Canonical Crypto, Dragonfly Capital Partners, ENIAC Ventures, Founders' Co-op, Gumi Cryptos Capital, Khosla Ventures, KRM Interests LLC, Lightbank, Nyca Partners, Pareto Holdings, Red Swan Ventures.
Level is a fast and simple fintech financing platform designed to streamline access to capital for startups and small businesses. It builds a product that enables quick, transparent, and user-friendly financing solutions, primarily serving early-stage companies and entrepreneurs who face challenges with traditional lending processes. By simplifying credit assessment and funding workflows, Level addresses the problem of slow, complex, and opaque financing options, helping startups accelerate growth with timely capital. The company is gaining momentum by leveraging technology to reduce friction and improve the financing experience, positioning itself as a key enabler in the fintech ecosystem.
For an investment firm backing Level or similar fintechs, the mission typically centers on accelerating innovation in financial services by investing in scalable, technology-driven companies that democratize access to capital. Their investment philosophy emphasizes backing startups that leverage AI, automation, and data-driven underwriting to disrupt legacy finance models. Key sectors include fintech lending, embedded finance, AI-powered credit, and digital banking. Such firms impact the startup ecosystem by providing not only capital but also strategic support, fostering innovation, and enabling fintech startups to scale rapidly in a recovering and expanding market environment.
Level was likely founded by entrepreneurs with backgrounds in finance, technology, or both, motivated by firsthand experience of the inefficiencies in traditional financing. The idea emerged from recognizing the need for faster, simpler, and more transparent funding solutions for startups and small businesses, which often struggle with lengthy approval times and rigid lending criteria. Early traction may have come from pilot programs or partnerships with startup accelerators, demonstrating the platform’s ability to deliver capital quickly and efficiently, which helped attract initial users and investors.
Investment firms focusing on fintech have evolved over the past decade from cautious backers to active partners, responding to the sector’s rapid technological advances and growing market demand. Key partners in these firms often include seasoned investors with expertise in fintech, AI, and regulatory environments, enabling them to identify promising startups like Level and support their growth through capital and operational guidance.
For Level as a fintech company:
For an investment firm backing Level:
Level rides the wave of several converging fintech trends in 2025: AI-powered credit underwriting, embedded finance, and the surge in digital banking solutions. The timing is critical as fintech funding rebounds strongly, with $44.7 billion invested globally in H1 2025, and AI adoption reshaping financial services by enabling faster, more accurate lending decisions. Market forces such as increasing demand for alternative financing, regulatory pressure for transparency, and the rise of decentralized finance create fertile ground for Level’s growth. By simplifying access to capital, Level influences the broader ecosystem by enabling more startups to scale, thereby fueling innovation and competition in financial services.
Investment firms backing such fintechs are pivotal in shaping the landscape by channeling capital into AI-driven financial infrastructure and fostering partnerships that accelerate digital transformation across banking and lending sectors.
Looking ahead, Level is poised to deepen its AI integration to further speed up financing decisions and expand its product offerings, potentially moving into embedded finance solutions within SaaS platforms or marketplaces. Trends such as increasing regulatory scrutiny, demand for transparency, and the rise of decentralized finance will shape its journey. The company’s influence may evolve from a niche fintech lender to a broader financial infrastructure provider, helping democratize capital access globally.
For investment firms, the focus will likely shift toward scaling portfolio fintechs through strategic mergers and acquisitions, embedding AI deeply into operations, and navigating regulatory complexities to unlock new growth avenues. The fintech sector’s rapid expansion and technological innovation promise continued opportunities for firms and startups that can combine speed, simplicity, and trust in financing solutions.
