Level, a fintech startup that abruptly shut down last week after failing to find a buyer, is currently considering an acquisition offer from Employer.com, according to CMO Matt Charney.
Founded by a former Square employee, Level raised $30.8 million in funding since its inception in 2018, primarily targeting dental and vision benefits for businesses before its sudden closure.
Employer.com is moving quickly in the acquisition space; it recently acquired Bench, another startup that shut down unexpectedly, leaving thousands of customers without access.
The fate of Level remains uncertain, particularly regarding the reasons for its shutdown, though it follows a trend of startups facing challenges in adapting to market changes.
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