When was Step One Finance founded?

Step One Finance was founded in 2010 and raised its 1st funding round 4 years after it was founded.

Where is Step One Finance located?

Step One Finance is headquartered in Woking, United Kingdom.

Who is the current CEO of Step One Finance?

Michael Childress of Step One Finance.

How many employees does Step One Finance have?

As of Jul 31, 2026, the latest employee count at Step One Finance is 70.

Is Step One Finance a funded company?

Step One Finance is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 19, 2014.

How much is Step One Finance worth?

The latest valuation of Step One Finance is £***** as of May 24, 2016.

When was the latest funding round of Step One Finance?

Step One Finance's latest funding was a $***** Series A round on May 23, 2016, with participation from 2 investors. Its primary sector is Consumer and SME Loans. In United Kingdom, the Consumer and SME Loans sector has seen $203M in funding in 2026 to date.

What is the annual revenue of Step One Finance?

Annual revenue of Step One Finance is between £10M and £50M as on Dec 31, 2022

Where does Step One Finance rank among its competitors?

Step One Finance ranks 10th amongst 300 active competitors, of which 16 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Togethermoney, which secured $541M in Jan, 2022.

Who are the top competitors of Step One Finance?

Step One Finance's top competitors include Funding Circle, Togethermoney and GE Capital. Among them, Togethermoney secured the most recent funding round in January, 2022.

Step One Finance - 2026 Company Profile, Team, Funding, Competitors & Financials

Step One Finance is a series A company based in Woking (United Kingdom), founded in 2010 by Michael Childress. It operates as a Diversified lending NBFI. Step One Finance has raised an undisclosed amount in funding, with a current valuation of £*****. The company has 300 active competitors, including 16 funded and 46 that have exited. Its top competitors include companies like Funding Circle, Togethermoney and GE Capital.

Company Details

Website: steponefinance.co.uk
Email ID: *****@steponefinance.co.uk
Phone Number: +44 **********

Key Metrics

Founded Year

2010

Location

Woking, United Kingdom

Stage

Series A

Latest Funding Round

Series A, May 23, 2016, $*****

Post Money Valuation

£***** as on May 24, 2016

Investors

PIMCO & 2 more

Ranked

10^th among 300 active competitors

Annual Revenue

£10M - £50M as on Dec 31, 2022

Employee Count

70 as on Jul 31, 2026

Similar Companies

Northern Arc Capital & 3892 more

View Step One Finance's full profile

Step One Finance is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
STEP ONE FINANCE LIMITED CIN: 7448379 , United Kingdom, Active	Nov 22, 2010	£10M - £50M (As on Dec 31, 2022)	48 (As on Dec 31, 2024)

Step One Finance has raised funding over 2 rounds. Its first funding round was on May 19, 2014. Its latest funding round was a Series A round on May 23, 2016 for $*****. 2 investors participated in its latest round. Step One Finance has 3 institutional investors.

Here is the list of recent funding rounds of Step One Finance:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 23, 2016	9874436	Series A	7877918	7506696	9709361	9057451
May 19, 2014	3857999	Seed	5879834	2645745	3367767	3441319

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View details of Step One Finance's funding rounds and investors

The founders of Step One Finance is Michael Childress.

Here are the details of Step One Finance's key team members:

Michael Childress: Co-Founder & CEO of Step One Finance.
Contact Info: 1 email address

View details of Step One Finance's Founder profiles and Board Members

Step One Finance's employee count trend

Step One Finance has 70 employees as of Jul 26. Here is Step One Finance's employee count trend over the years:

Employee count trend for Step One Finance

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Top competitors of Step One Finance include Funding Circle, Togethermoney and GE Capital. Here is the list of Top 10 competitors of Step One Finance, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Funding Circle 2010, London (United Kingdom), Public	Online lending platform providing financing solutions for small and medium-sized businesses	$373M	Index Ventures, Accel & 21 others	83/100
2nd	Togethermoney 1974, Manchester (United Kingdom), Acquired	Provider of consumer and SME loans	-	Goldman Sachs, Citi & 5 others	67/100
3rd	GE Capital 1932, Norwalk (United States), Public	Provides commercial aircraft leasing and lending services	-	Forum Capital Advisors, OSTI	61/100
4th	Close Brothers 1878, London (United Kingdom), Acquired	Provider of financial lending services and deposit taking account products	-	-	61/100
5th	Greensill 2011, London (United Kingdom), Series E	Provider of working capital loans	$1.7B	SoftBank Vision Fund, General Atlantic & 5 others	61/100
6th	Newable 1982, London (United Kingdom), Acquired	Provider of business loans	-	British Business Investments, Europa	59/100
7th	Swastika 1992, Indore (India), Public	Provider of non banking financial institutional services	-	-	59/100
8th	MT Finance 2008, London (United Kingdom), Acquired	Provider of short-term property loans, bridging loans, and commercial mortgages	$11.1M	Triple Point, Insight Investment & 1 others	59/100
9th	Ultimate Finance 2002, Bristol (United Kingdom), Funding Raised	Provides working capital loans for SME's	-	Tavistock Group, HSBC & 4 others	58/100
10th	Step One Finance 2010, Woking (United Kingdom), Series A	Diversified lending NBFI	-	PIMCO, UBS & 1 others	53/100