# Step

**Type:** Fintech company (teen-focused banking app)  
**Status:** Acquired by Beast Industries (Feb 2026)  
**Domain:** entertainment  
**Tags:** fintech, creator-economy, teen-banking, beast-industries

## Overview

Step is a teen-focused fintech app with 7M+ users at time of acquisition. Banking services provided through partnership with Evolve Bank & Trust (FDIC insured up to $1M).

## Key Details

- **Investors:** Stephen Curry, Charli D'Amelio, Justin Timberlake, Will Smith
- **Banking Partner:** Evolve Bank & Trust
- **User Base:** 7M+ users (primarily teens)

## Timeline

- **2026-02-09** — Acquired by Beast Industries
- **2026-03-XX** — Senator Elizabeth Warren raised concerns about acquisition due to Evolve Bank's compliance history (AML enforcement action, Synapse bankruptcy role, data breach)

## Sources

- CNBC: https://www.cnbc.com/2026/02/10/youtube-mrbeast-youth-financial-services-app-step-beast-industries-acquires-fintech-app.html
- Banking Dive: https://www.bankingdive.com/news/mrbeast-fintech-step-banking-crypto-beast-industries-evolve/815558/