Fundz

Step Secures An Additional $300,000,000 To Accelerate Growth, Launches Crypto Investing And A National Financial Literacy Curriculum

PRIVATEOct 11, 2022

Amount Raised

$300 Million

Round Type

Funding Round

Palo AltoFinancial ServicesFinanceFintechBanking

Description

Step, the all-in-one financial solution for the next generation, announced up to $300 million in debt funding led by Triplepoint Capital and Evolve Bank & Trust. The new funding brings the total capital raised by Step to $500M.

Quick answer

Step raised $300 Million in a Funding Round round, dated October 11, 2022. Step is based in Palo Alto, California, United States.

How much did Step raise?
Step raised $300 Million in a Funding Round round on October 11, 2022.
What does Step do?
Step was founded by financial industry veterans CJ MacDonald and Alexey Kalinichenko to provide teens, their families and young adults with financial tools for today’s modern-day banking needs and to promote financial..
Where is Step based and how big is it?
Step is based in Palo Alto, California, United States.

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as Step that raised within 45 days of this round, from Fundz verified event records.

  • NatWest Group raised an undisclosed amount on October 25, 2022.
  • Regional Management raised $200M (Funding Round) on October 20, 2022.
  • Maplerad raised $6M (Funding Round) on October 17, 2022.
  • NorthOne raised $67M (Series B) on October 13, 2022.
  • Jiko raised an undisclosed amount on October 6, 2022.
  • Kippa raised $8.4M (Funding Round) on September 12, 2022.

Who to call at Step, and when

A new round usually means Step is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Step raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Step, from your own LinkedIn network

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Company Information

Company

Step

Location

Palo Alto, California, United States

About

Step was founded by financial industry veterans CJ MacDonald and Alexey Kalinichenko to provide teens, their families and young adults with financial tools for today’s modern-day banking needs and to promote financial literacy for the future. The founding team has 50+ years of combined financial technology experience from companies like Affirm, Block, Google, Gyft, Stripe, and Wealthfront. The Series C company has more than 3 million customer accounts and has raised more than $500 million in venture and debt funding, backed by Coatue, Crosslink Capital, General Catalyst, Stripe and several other prominent investors. Evolve Bank & Trust, Member FDIC provides Step’s banking services and issues the Step Visa Card pursuant to a license from Visa U.S.A. Inc. Cryptocurrency transaction and custody services powered by Zero Hash LLC and Zero Hash Liquidity Services LLC. Cryptocurrency services may not currently be available in all states, including in NY or to NY residents. To learn more, please visit: www.step.com or contact press@step.com.

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Step raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.