Digital banking service Step has secured $300 million in new debt funding round, which coincided with the company’s launch of a crypto investment platform aimed at minors and young adults - their key clientele.
According to the company, minors and young adults can only use the new crypto investment platform with the consent of a parent or legal guardian to buy and sell bitcoin, with additional stocks and cryptocurrencies to join the platform soon.
Alongside the new platform, Step also introduced Money 101 - a financial literacy program - a six-lesson course that spans the banking sector to cryptocurrency investing.
According to The Block, with the funding secured, Step’s raise now totals $500 million, including debt and equity financing, from investors such as Crosslink Capital, Stripe, Coatue, General Catalyst, Triplepoint Capital, Charli D’Amelio, Stephen Curry, Justin Timberlake, Will Smith, The Chainsmokers, Alex Rodriguez, and others.
Step previously, in April 2021, closed a...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...