San Francisco based provider of financial services for teens and families raised $50m in Series B funding led by Coatue.
“Since Step’s launch, we’ve seen massive demand for this new type of all-in-one banking solution, making it much easier for teens to learn about money management,” said CJ MacDonald, Founder and CEO at Step. “We founded Step to help improve the financial future of the next generation and this investment not only validates what we’ve built, but it will also help us continue to innovate and grow with our users.”