Step launched crypto investing, becoming the first platform to allow teens with the consent of a parent or legal guardian to responsibly participate first-hand in the evolving investing landscape, starting with buying and selling bitcoin.
Stocks and other cryptocurrencies will be added to the platform soon.
Step also announced up to $300 million in debt funding led by Triplepoint Capital and Evolve Bank & Trust, bringing the total capital raised by Step to $500 million.
With the new round of funding, Step will accelerate investments in product infrastructure and continue to bring new financial products to the next generation.
“Gen Z is the generation of creators, entrepreneurs and investors. They are redefining norms and taking control of their financial futures earlier in life thanks to products like Step,” said Jim Labe, Co-Chief Executive Officer at Triplepoint Capital. “We are excited to partner with the Step team to continue scaling the business to millions of financially-savvy teens and young adults.”
Comments