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 for the next generation
Palo Alto, United States
292 employees
Debt Financing
Total: $491.30M
Finance, Financial Services +1
General Information
Palo Alto, United States
BounceWatch is an independent company data service, not affiliated with Step. To contact Step, visit step.com.
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United States Market
Recorded by Bounce Watch from public sources. Every entry below carries the date we observed it, and when we have not looked recently the page says so rather than leaving silence to imply nothing happened.
Significant changes detected on company website (66.1% content change).
AI Insight
Bounce Watch AIRecent highlights indicate Step is undergoing a strategic refinement phase, marked by a significant 66.1% website update in October 2026. This extensive product-related change suggests an overhaul of their online presence, potentially to reflect new features, improved user experience, or a refreshed brand message. Concurrently, very limited hiring activity (only 1 open position) points towards an internal focus on optimization and consolidation rather than aggressive team expansion.
About Step
Business keywords: 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 | $300.00M | 2 |
|
11 Oct 2022 |
| Series C | $100.00M | 10 |
|
27 Apr 2021 |
| Debt Financing | $15.00M | 1 |
|
25 Feb 2021 |
| Series B | $50.00M | 10 |
|
02 Dec 2020 |
| Series A | $22.50M | 10 |
|
06 Jun 2019 |
| Seed Round | $3.80M | 3 |
|
31 Jan 2019 |
Step Alternatives & Competitors
View All Alternatives
Bank smarter with Kroo. Where your money works in your favour. No monthly fees. No minimum balance....
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We are on a mission to transform the finances of Gen Z and Millennials in the UK.
ChimpChange Mobile Banking
FAQ About Step
Source: BounceWatch company record for Step, https://bouncewatch.com/company/step-1, updated 31 October 2026. When citing, please name BounceWatch and link this page.
