The brainchild of Gyft co-founder CJ MacDonald and Square veteran Alexey Kalinichenko, Step is building a mobile-based bank account - held with Evolve Bank - specifically designed for teens that is interest bearing and has no hidden or overdraft fees. The mobile app is linked to a Mastercard and lets users send and receive money instantly, shop online or in-store as well as use Apple Pay and Google Pay. Strip is providing issuing and processing technology.

https://www.finextra.com/newsarticle/33942/stripe-leads-225m-funding-round-for-teen-banking-startup-step