Step is a next generation financial services company founded in 2018 with the mission of providing banking for Gen Z. The company aims to facilitate financial independence and knowledge for teens and young adults. With a team boasting over 50 years of combined financial technology experience, Step offers a free bank account with no hidden fees and provides a mobile app for easy balance tracking and transaction monitoring. Additionally, users can send and receive money instantly, shop with a personalized spending card, and earn rewards for inviting friends to Step. This innovative approach has garnered significant investor interest, with the latest $300.00M Debt Financing investment coming from TriplePoint Capital and Evolve Bank & Trust on 11 October 2022.
Step
Banking that builds credit
Founded 2018
Palo Alto, United States
275 employees
Debt Financing
Total: $491.30M
Finance, Financial Services +1
Palo Alto, United States
275 employees
Debt Financing
Total: $491.30M
Finance, Financial Services +1
General Information
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United States Market
About Step
Taxonomy: gen z banking, financial independence, financial knowledge, mobile banking, fee-free banking, financial education, next generation banking, personal finance, reward-based banking
Funding Rounds & Investors (6)
View All| Funding Stage | Amount | Investors | Lead Investors | Date |
|---|---|---|---|---|
| Debt Financing | •••••• | 2 |
|
11 Oct 2022 |
| Series C | •••••• | 10 |
|
27 Apr 2021 |
| Debt Financing | •••••• | 1 |
|
25 Feb 2021 |
| Series B | •••••• | 10 |
|
02 Dec 2020 |
| Series A | •••••• | 10 |
|
06 Jun 2019 |
Step Alternatives & Competitors
Step vs
Step vs
Kroo Bank
United Kingdom
Bank smarter with Kroo. Where your money works in your favour. No monthly fees. No minimum balance....
Unknown
213 employees
Financial Services, Fintech
Step vs
FAQ About Step
Banking that builds credit
Step was founded in 2018.
Step is headquartered in Palo Alto, United States.
Step operates in the following industries: Finance, Financial Services, Fintech.
Step has approximately 275 employees.
Step has completed 6 funding rounds, raising a total of $491.30M. The latest funding stage is Debt Financing.
Top alternatives and competitors to Step include Starling Bank, Kroo Bank, Denizen Financial, Zelle ®, Jingle Pay. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Step and Starling Bank are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.
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