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Step, the new modern-day financial services company built for teens and families, today announced a $50m Series B round of funding led by Coatue, with participation from several returning investors, prominent fintech executives, as well as celebrities Charli D’Amelio, Justin Timberlake, The Chainsmokers, Eli Manning, Kelvin Beachum, Larry Fitzgerald and Andre Iguodala. Additionally, with Step partner Charli D’Amelio’s recent investment, the digital megastar is hoping to play a more active role in helping to close the financial literacy gap by working with Step to share important money management lessons with her dedicated following of more than 100m people.
“As a Step partner and customer, I’ve been able to see firsthand how easy Step makes it to manage your money while providing the educational resources that today’s teens need but have largely been unable to find—myself included,” said Charli D’Amelio. “I’m excited to be able to use my platform to help close this gap and have made a direct investment in Step to help them develop even more useful products.”
