Impact startupFinancial inclusionAcquired
Step
Step is a U.S. money app built for teens and families. It offers a no-fee account and a Visa card. Its bank accounts are held at Evolve Bank & Trust. MrBeast's company, Beast Industries, announced that it had acquired Step.
Raised in the rounds listed
$22.5 million
Founder
CJ MacDonald
Who it reaches
Teens and their families in the United States, with a no-fee account and a Visa card.
Step funding rounds
| Date | Round | Amount |
|---|---|---|
| Jun 6, 2019 | Series A | $22.5 million |
Key facts
- Series C
- $100M Series C led by General Catalystsource
- Total raised
- Over $175 million, per its Series C announcementsource
- Users
- 7M+ userssource
- Sponsor bank
- Step's bank accounts are FDIC insured through its sponsor bank, Evolve Bank & Trustsource
- Acquisition
- MrBeast's company, Beast Industries, announced that it has acquired Stepsource
WYDE coverage of Step
Sources
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