About Step
Step is a company based in New York (United States) founded in 2014 by Alexey Kalinichenko and C J MacDonald was acquired by MrBeast in February 2026. It operates as a FinTech and Freemium. Step has raised $176.3 million across 5 funding rounds from investors including Stripe, Sesame Workshop and WndrCo. Step offers products and services including Step App, Step Visa Card, and EarlyPay. Step operates in a competitive market with competitors including Copper, BankMobile Vibe, Crew, Till Financial and Suvi Cash, among others.
- Headquarter New York, United States
- Founders Alexey Kalinichenko, C J MacDonald
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Step Mobile, Inc.
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Products & Services of Step
Step offers a comprehensive portfolio of products and services, including Step App, Step Visa Card, and EarlyPay.
An all-in-one app for banking and credit.
A card designed to build credit history.
Borrow up to $250 before payday instantly.
People of Step
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Funding Insights of Step
Step has successfully raised a total of $176.3M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $300 million completed in October 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Step
Step has secured backing from 32 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Stripe, Sesame Workshop and WndrCo.
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Provider of an investment platform for various stages
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Venture capital firm focused on fintech, healthcare, logistics, enterprise tech, AI, ed tech, and multiple sectors
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Investor details for Step
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Investments & Acquisitions by Step
Investment portfolio details for Step
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Financial Statements - Step
Detailed financials for Step
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Step Comparisons
Peer comparison for Step
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Competitors of Step
Step operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Copper, BankMobile Vibe, Crew, Till Financial and Suvi Cash, among others.
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Cloud-based CRM and project management software is provided by Stride.
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Digital banking services are offered to students through mobile apps.
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Crew is recognized as a financial technology company offering digital banking solutions.
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Financial management platform for kids
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Serves as a digital bank specializing in joint and teen accounts.
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Detailed competitors of Step
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Latest news on Step
Complete news archive for Step
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Frequently Asked Questions about Step
Step was founded in 2014 and raised its 1st funding round 5 years after it was founded.
Step is headquartered in New York, United States. It is registered at New York, New York, United States.
C J MacDonald is the current CEO of Step. They have also founded this company.
Step is a funded company, having raised a total of $176.3M across 5 funding rounds to date.
Step is operated as a financial technology company providing an all-in-one money app. Banking and credit-building services are offered through partnerships with Evolve Bank Trust. Solutions include borrowing up to 250 with EarlyPay, earning cashback on purchases, and building credit history with the Step Visa Card. The app targets individuals and families seeking financial independence, with a focus on younger users. Services are extended across the United States, emphasizing security with FDIC insurance and Visas Zero Liability Protection.
Step's top competitors include Crew, BankMobile Vibe and Sproutly.
Step offers Step App, Step Visa Card, and EarlyPay.
Step has 32 investors. Key investors include Stripe, Sesame Workshop, WndrCo, General Catalyst, and Coatue.