When was Step founded?

Step was founded in 2014 and raised its 1st funding round 5 years after it was founded.

Where is Step located?

Step is headquartered in New York City, United States. It is registered at New York City (United States).

How many employees does Step have?

As of Jun 30, 2026, the latest employee count at Step is 282.

Is Step a funded company?

Step is a funded company, having raised a total of $176M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jan 31, 2019.

How much is Step worth?

The last known valuation of Step was $***** as of Dec 01, 2020.

When was the latest funding round of Step?

Step's latest funding was a $***** Conventional Debt round on Oct 11, 2022, with participation from 2 investors.

Where does Step rank among its competitors?

Step ranks 1st amongst 7 active competitors, of which 2 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Crew, which secured $2.5M in Jan, 2024.

Who are the top competitors of Step?

Step's top competitors include Copper, Till Financial and Sproutly. Among them, Crew secured the most recent funding round in January, 2024.

Step - 2026 Company Profile, Team, Funding & Competitors

Step is an acquired company based in New York City (United States), founded in 2014 by Mitch Kushinsky, Lax Chandra and Alexey Kalinichenko. It operates as a Digital bank for consumers. Step has raised $176M in funding from investors like Stripe, General Catalyst and Crosslink Capital, with last known valuation of $*****. The company has 7 active competitors, including 2 funded and 3 that have exited. Its top competitors include companies like Copper, Till Financial and Sproutly.

Company Details

Step is a digital bank for consumers. It has its banking license through a partnership program. It offers services such as savings account, NFC-enabled prepaid cards for online/offline purchases, money transfers, and more. It also offers an app-based platform that is available on iOS and Android devices.

Website: step.com
Social
Registered Address: New York City (United States)

Key Metrics

Founded Year

2014

Location

New York City, United States

Stage

Acquired

Total Funding

$176M in 5 rounds

Latest Funding Round

Conventional Debt, Oct 11, 2022, $*****

Last Known Valuation

$***** as on Dec 01, 2020

Investors

Stripe & 39 more

Ranked

1^st among 7 active competitors

Employee Count

282 as on Jun 30, 2026

Similar Companies

myTU & 32 more

Exit Details

Acquired by MrBeast (Feb 09, 2026)

View Step's full profile

Step is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Step Mobile Inc. CIN: 830711855 , Belgium, Active	Dec 31, 2013	-	116 (As on Dec 31, 2021)	-

Step got acquired by MrBeast on Feb 09, 2026.

Click here to take a look at Step's acquisition in detail

Step has raised a total funding of $176M over 5 rounds. Its first funding round was on Jan 31, 2019. Its latest funding round was a Conventional Debt round on Oct 11, 2022 for $*****. 2 investors participated in its latest round. Step has 24 institutional investors and 16 angel investors.

Here is the list of recent funding rounds of Step:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 11, 2022	5803814	Conventional Debt	2517591	8595479	2072741	1432402
Apr 27, 2021	2940764	Series C	3086523	4541092	6508702	Coatue & 11 more
Dec 02, 2020	7263085	Series B	4716421	2933064	Coatue	Stripe & 10 more

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View details of Step's funding rounds and investors

The founders of Step are Mitch Kushinsky, Lax Chandra and Alexey Kalinichenko.

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

Mitch Kushinsky: of Step.
Lax Chandra: of Step.
Alexey Kalinichenko: Co-Founder & CTO of Step.
Contact Info: 1 email address

View details of Step's Founder profiles and Board Members

Step's employee count trend

Step has 282 employees as of Jun 26. Here is Step's employee count trend over the years:

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Top competitors of Step include Copper, Till Financial and Sproutly. Here is the list of Top 10 competitors of Step, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Step 2014, New York City (United States), Acquired	Digital bank for consumers	$176M	TriplePoint Capital, General Catalyst & 38 others	75/100
2nd	Copper 2012, Seattle (United States), Series A	Digital bank for teens	$42.3M	Pioneer Square Labs, Fiat Ventures & 24 others	66/100
3rd	Till Financial 2018, Boston (United States), Acquired	Financial management platform for kids	$6.2M	Luge Capital, Afore Capital & 1 others	58/100
4th	Sproutly 2021, Sheridan (United States), Funding Raised	Financial services company that offers services to schools and families in Africa	-	ABV	39/100
5th	Crew 2019, Lehi (United States), Seed	Digital bank through partnership for family banking	$2.5M	Kickstart Fund, Sepio Capital & 6 others	36/100
6th	Bankaroo 2011, Menlo Park (United States), Unfunded	Provider of virtual banking services for children	-	-	34/100
7th	Suvi Cash 2020, United States, Deadpooled	Digital bank for joint and teen accounts	-	-	32/100
8th	BankMobile Vibe 2016, New Haven (United States), Acquired	Digital bank for students	-	-	32/100
9th	MoneyUp 2022, New Brunswick (United States), Deadpooled	Internet-first bank offering banking services to students	-	-	15/100