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.comTotal Amount Raised: $491,300,000
Step Funding Rounds
Debt Financing
$300,000,000
Debt Financing Investors
Evolve Bank & TrustTriplePoint CapitalSeries C
$100,000,000
Series C Investors
General CatalystJeffrey KatzenbergThe ChainsmokersJared LetoWill SmithCharli D'AmelioFranklin ResourcesStripeCoatueStephen CurryKombo VenturesSmash CapitalBreyer LabsBroadLight CapitalDebt Financing
$15,000,000
Debt Financing Investors
Bridge BankSeries B
$50,000,000
Series B Investors
CoatueDreamers VCThe ChainsmokersCollaborative FundKelvin BeachumAndre IguodalaCrosslink CapitalStripeEli ManningLarry FitzgeraldJustin TimberlakeCharli D'AmelioAlex RodriguezJosh RichardsFirebolt VenturesSeries A
$22,500,000
Series A Investors
StripeCollaborative FundSesame VenturesCrosslink CapitalRonnie LottWndrCoNasir JonesKevin GouldDreamers VCNoah GoodhartMatt RutlerJonah GoodhartSeed
$3,800,000
Seed Investors
Crosslink CapitalCollaborative FundSesame Ventures