Capital One discontinues Level Money
Written by Chris Lemmon
Capital One has announced that it will be closing down its Level Money money management app, as of 1 September 2017.
A statement on the Level Money website reads: “When we started Level Money back in 2013, there weren’t many tools to help people manage their money. We saw an opportunity to fix that—reinventing the banking experience to make managing money easier and more intuitive.
“While we’ve had successes over the years, we are encouraged by how much the financial industry has changed—there are now a plethora of tools available to help you manage your money.
“As part of Capital One, we will be continuing our efforts to help create more ways for people to save and manage their money.”
Capital One acquired the Level Money platform in 2015.