Step: Surpasses one million users in less than four months

  • Step founded by financial industry veterans CJ MacDonald and Alexey Kalinichenko to provide teens and their families with financial tools
  • A first of its kind, Step offers users the ability to build credit before they turn 18 through a free
  • The company also recently closed a new venture debt facility and added major star power with baseball legend Alex Rodriguez
  • The rapid adoption of Step reflects the evolving needs of today’s teens
  • Consumers enough and they’re looking for not just a better product, but a better partner
  • Step done an incredible job of tapping into the teen market by creating authentic and engaging conversations across popular social media platforms
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Coinbase Receives Conditional Approval for National Trust Bank Charter

The approval marks a significant step for Coinbase in the financial sector.Highlights: Coinbase secures conditional approval for a...

Visa Survey Reveals Businesses Ready to Embrace AI in Commerce

Consumer hesitation contrasts with business enthusiasm for AI adoption.Highlights: Visa survey finds 76% of businesses ready to adopt...

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The...

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...