Step, a U.S.-based financial services company built for teens and families, announced on Thursday it has crossed one million users in less than four months of its launch. Founded in 2018 and launched last year, Step describes itself as the next-generation financial services company building the best banking experience to help teens and young adults achieve financial independence and knowledge at an earlier age.
“It isn’t easy learning about money. Schools don’t teach you and families don’t always talk about finances. Traditional banks make it even harder to get ahead by charging fees for standard services like checking accounts, atm’s and even spending cards. Our mission is to create a bank that gives you the tools to become smarter with your money and reward you along your financial journey. Step gives you a free bank account with zero fees. Track your balance and see your transactions from the Step mobile app. You can also send and receive money instantly on your phone, shop with a personalized spending card and earn rewards for inviting your friends to Step.”
Speaking about the company’s latest milestone, CJ MacDonald, Founder and CEO at Step, stated: