Benzinga Fintech Awards Applicant Call Levels Gets Vote Of Confidence, Funding From Lippo Group
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Benzinga Fintech Award nominee Call Levels has announced pre-Series A funding from Indonesian conglomerate Lippo Group. The undisclosed amount from Lippo comes on the heels of $500,000 pre-Series A fundraising received from Silicon Valley’s 500 Startups in November, as well as investments from angels Timothy Teo and Koh Boon Hwee.
Call Levels provides financial monitoring and notification services optimized for the mobile cloud. Clients can receive instant notifications on their mobile devices as soon as any of a number of assets reaches a pre-selected price.
Call Levels has been experiencing rapid growth in recent months. According to the company, user growth has surged 400 percent in the last three months alone, and clients now set an average of 11 new alerts each second.
“With these new funds, we hope to expand our asset coverage to other financial markets, to support our users within the Asian region and beyond," Call Levels cofounder Cynthia Siantar says. She said that reliable, instant notifications are particularly important in volatile, unpredictable markets like the ones investors have seen so far in 2016.
The app already covers more than 10,000 assets.
The investment in Call Levels marks Lippo’s first venture into the fintech space. Lippo made headlines in recent years by launching MatahariMall.com, an e-commerce site which it hopes will become the “Alibaba of Indonesia.”
Disclosure: The author holds no position in the stocks mentioned.
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