Jake Fuentes, 28, is the Cofounder of Level Money. This app works for any individual to properly budget their money right from their smartphone. There is obviously a large market share for this type of application. The younger generations want everything right on their phone or in the “cloud”. Level Money helps people do just that.

Level Money has reached over $12 billion worth of transactions. Not only that but they have reached 700,000 users overall. Think this idea sounds like a bust? Well, former Citigroup CEO Sandy Weill and former FCC Chairman Reed Hunt have invested. The app company has raised roughly $7 million thus far.