Step surpasses one million users in less than four months

Closes new venture debt facility; welcomes Alex Rodriguez and Josh Richards to the #StepFam

Step surpasses one million users in less than four months

SAN FRANCISCO –– February 25, 2021 –– Step, the new modern-day financial services company built for teens and families, today announced it has crossed one million users. A first of its kind, Step offers users the ability to build credit before they turn 18 through a free, FDIC insured bank account, secured spending card and P2P payments platform. The company also recently closed a new venture debt facility and added major star power with baseball legend Alex Rodriguez and digital megastar Josh Richards joining Step as investors.

“We’ve seen explosive growth since Step’s launch a few short months ago and we’re thrilled to be helping so many teens and families tackle money management,” said CJ MacDonald, Founder and CEO at Step. “The rapid adoption of Step reflects the evolving needs of today’s teens and we’re really excited to be working with partners like Alex and Josh to help push our financial literacy movement even further.”

CJ MacDonald, Founder & CEO at Step
The rapid adoption of Step reflects the evolving needs of today’s teens and we’re really excited to be working with partners like Alex and Josh to help push our financial literacy movement even further."

Alex Rodriguez, Chairman & CEO at A-Rod Corp.
I tell my kids all the time that knowledge is power. Step is the type of tool that can empower young people by helping them understand personal finance and money management."

Josh Richards, Digital Megastar & Step Investor
Step has done an incredible job of tapping into the teen market by creating authentic and engaging conversations across popular social media platforms like Instagram, Snap, TikTok, Triller and YouTube. I truly never thought I would see a day where teens were actively talking about their banks on social media."

  • Step is a financial technology company not a bank Banking services provided by Evolve Bank Trust Member FDIC The Step Visa Card is issued by Evolve Bank Trust pursuant to a license from Visa USA Inc Visa is a registered trademark of Visa International Service Association

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