Stripe, Will Smith Invest in Teen Banking Startup Step

Stripe led the $22.5 million Series A round in the startup which offers a mobile banking solution for teenagers; Will Smith participated through his Dreamers fund as well as the rapper Nas; the bank account is held with Evolve bank which offers interest and no hidden fees; it also connects to a Mastercard and allows users to send money instantly; parents are able to oversee their teen’s spending and have the ability to set limits and look at spending. Source

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