Silicon Valley’s FinTech start-up, Step, has raised $50 million in a Series B funding circular, the company announced today. The funding circular was made through new investor Coatue Management, a large number of prominent donors and Big Tech executives founded in 2018 and unveiled on September 30, the all-in-one banking app has half a million users and is aimed at teenagers and young adults to help them gain monetary independence.
Other new investors included celebrities such as Justin Timberlake, The Chainsmokers, Eli Manning, Charli D’Amelio, Kelvin Beachum, Larry Fitzgerald and Andre Iguodala. Generation investors who participated included executives from Facebook, Square, Venmo, Visa and others. has raised more than $75 million of investors, adding $22. 5 million in June A-Series financing led through Stripe. Stripe has also invested in this cycle, as have returning investors Crosslink Capital, Collaborative Fund and Will Smith’s Dreamers VC.