Stripe returns to back fast-growing US mobile bank Step Start-up has surpassed 1.5m teenage users less than six months after launching
about 5 hours ago
Stripe has once again participated in a funding round for Step, a US mobile banking start-up aimed at teenagers, which is also backed by a number of well-known stars.
Step has secured $100 million in funding in Series C round as it announced it has surpassed 1.5 million users less than six months after launching. Of these users, some 88 per cent said Step is their first bank account.
The start-up is aimed solely at the ‘pre-banked’ generation and aims to teach them financial literacy through its mobile app.