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Step raises $100m in Series C funding

San Francisco based provider of financial services for teens and families raised $100m in Series C funding led by General Catalyst. 

“Our mission is to help improve the financial futures of the next generation and we’re thrilled to have such a massive vote of confidence from investors, especially during Financial Literacy Month,” said CJ MacDonald, Founder and CEO at Step. “Thirty-eight percent of teens say they lack the financial resources needed to achieve financial independence and this is a problem Step is well positioned to help solve as we educate millions of households every day.”

Tags

banking, teen banking, savings