# Beast Industries has agreed to acquire Step Mobile, a banking app.

*fintech · news · 2026-02-09 · TechStartups.com*

## Key points

- Beast Industries is acquiring Step Mobile, marking its first move into fintech and banking.
- Step Mobile has over seven million users and targets teens and young adults with fee-free banking.
- Beast Industries was recently valued at $5.2 billion and received $200 million from BitMine Immersion Technologies.
- Executives hint at a future financial platform potentially blending banking, crypto, and advisory services.
- Step Mobile operates via Evolve Bank & Trust, offering up to $1 million FDIC insurance.

**Companies:** Beast Industries, Step Mobile

[Read the full story on TechStartups.com](https://techstartups.com/2026/02/09/mrbeast-expands-into-fintech-as-beast-industries-acquires-gen-z-banking-app-step-mobile/)

---

Canonical: https://newsio.io/n/66c8f1ca-f4e2-4150-844d-6166b38a264b/beast-industries-has-agreed-to-acquire-step-mobile-a-banking-app-the-deal-extend
Summarized by Newsio from TechStartups.com. https://newsio.io/how-it-works