Posted 10/11/2013 at 10:16 AM
Posted 3 years ago
Managing money is a monotonous task, but it is also a vital one. Thankfully, this being the smartphone generation and all, we now have access to a range of apps that aim to help us keep track of incomings and outgoings – I’m thinking of apps like Mint and Simple, in particular. However, something as detailed as either of those services mentioned is not always needed; sometimes all you really want to know is how much cash you have available to spend before dipping into your overdraft – this is where Level Money offers a solution.
Level Money is the brainchild of co-founders Jake Fuentes – formally chief of staff at Visa – and Frank Leary – former chancellor of U.C. Berkeley and current director at Intel.
The app uses a bubble-like interface to display your finances at a glance and, after being linked up to your bank accounts and credit cards, will determine how much money you have available to spend for the day, week, and month, ensuring that your cashflow never runs dry.
The app really could not be any simpler to use; bubbles show you your available spends and tapping on one provides a more in depth look at where how the money has been spent for that particular period. You can also help better control your limits by using a menu on the left for a list of posted and pending transactions and bills.
To protect your details, Level uses bank-level security standards.
Level is simple by design, offering a fuss-free way of handling finances and the app is well backed for success having raised $5 million in funding, led by Kleiner Perkins. According to AllThingsD, funding participation also came from former CitiGroup CEO Sandy Weill, former FCC chairperson Reed Hundt, and former Barclays Global Investors CEO Blake Grossman.
iDevice users can download Level Money from the App Store right now.