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- Source: inbox/queue/2026-03-26-banking-dive-beast-industries-evolve-warren-regulatory.md - Domain: entertainment - Claims: 0, Entities: 1 - Enrichments: 4 - Extracted by: pipeline ingest (OpenRouter anthropic/claude-sonnet-4.5) Pentagon-Agent: Clay <PIPELINE>
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706 B
Markdown
15 lines
No EOL
706 B
Markdown
# Step
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**Type:** Fintech company (teen-focused banking app)
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**Domain:** entertainment
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**Status:** Acquired by Beast Industries (2026)
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## Overview
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Teen-focused fintech application with 7M+ users at time of acquisition. Banking services provided through partnership with Evolve Bank & Trust (FDIC insured up to $1M).
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## Investors
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Notable investors included Stephen Curry, Charli D'Amelio, Justin Timberlake, Will Smith.
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## Timeline
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- **2026-02-09** — Acquired by Beast Industries (MrBeast / Jimmy Donaldson)
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- **2026-03** — Senator Elizabeth Warren cited Step acquisition in letter to Beast Industries questioning fintech expansion given Evolve Bank compliance history and minor audience exposure |