Teen banking service Step raises $100M Series C, announces Steph Curry’s investment

Teen banking service Step raises $100M Series C, announces Steph Curry’s investment

3 years ago
Anonymous $f-b3Pf4iLZ

https://techcrunch.com/2021/04/27/teen-banking-service-step-raises-100m-series-c-announces-steph-currys-investment/

Step, the digital banking service aimed at teens and endorsed by TikTok star Charli D’Amelio, announced this morning the close of a $100 million round of Series C funding after growing to over 1.5 million users just six months after launch. The new round, led by General Catalyst, comes shortly after Step’s $50 million Series B, announced at the end of last year after the startup hit half a million users in only two months post-launch.

The new round also includes participation from Step’s existing investors, Coatue, Stripe, Charli D’Amelio, The Chainsmokers, Will Smith and Jeffrey Katzenberg, and brings on newcomer Franklin Templeton, signaling a plan to move into investments is on the horizon. It also includes actor and musician Jared Leto. Step is also formally announcing NBA All-Star Stephen Curry as an investor, which had not previously been disclosed, as well as former Square executives, Sarah Friar, Jacqueline Reses and Gokul Rajaram.