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Step Funding & Investors

Palo Alto, CA

It isn’t easy learning about money. Schools don’t teach you and families don’t always talk about finances. Traditional banks make it even harder to get ahead by charging fees for standard services like checking accounts, atm's and even spending cards. Step is the next generation financial services company building the best banking experience to help teens and young adults achieve financial independence and knowledge at an earlier age. Step is founded by a team with 50+ years in combined financial technology experience. Our mission is to create a bank that gives you the tools to become smarter with your money and reward you along your financial journey. Step gives you a free bank account with zero fees. Track your balance and see your transactions from the Step mobile app. You can also send and receive money instantly on your phone, shop with a personalized spending card and earn rewards for inviting your friends to Step.

step.com

Total Amount Raised: $491,300,000

Step Funding Rounds

  • Debt Financing

    $300,000,000

    Debt Financing Investors

    Evolve Bank & Trust
    TriplePoint Capital
  • Series C

    $100,000,000

    Series C Investors

    General Catalyst
    Jeffrey Katzenberg
    The Chainsmokers
    Jared Leto
    Will Smith
    Charli D'Amelio
    Franklin Resources
    Stripe
    Coatue
    Stephen Curry
    Kombo Ventures
    Smash Capital
    Breyer Labs
    BroadLight Capital
  • Debt Financing

    $15,000,000

    Debt Financing Investors

    Bridge Bank
  • Series B

    $50,000,000

    Series B Investors

    Coatue
    Dreamers VC
    The Chainsmokers
    Collaborative Fund
    Kelvin Beachum
    Andre Iguodala
    Crosslink Capital
    Stripe
    Eli Manning
    Larry Fitzgerald
    Justin Timberlake
    Charli D'Amelio
    Alex Rodriguez
    Josh Richards
    Firebolt Ventures
  • Series A

    $22,500,000

    Series A Investors

    Stripe
    Collaborative Fund
    Sesame Ventures
    Crosslink Capital
    Ronnie Lott
    WndrCo
    Nasir Jones
    Kevin Gould
    Dreamers VC
    Noah Goodhart
    Matt Rutler
    Jonah Goodhart
  • Seed

    $3,800,000

    Seed Investors

    Crosslink Capital
    Collaborative Fund
    Sesame Ventures
Funding info provided by Diffbot.