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teleo-codex/entities/entertainment/step.md
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clay: extract claims from 2026-03-26-banking-dive-beast-industries-evolve-warren-regulatory 
- 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>
2026-04-22 03:41:29 +00:00

1.1 KiB
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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