fintech / news / / TechStartups.com
Beast Industries has agreed to acquire Step Mobile, a banking app.
Beast Industries is acquiring Step Mobile, marking its first move into fintech and banking.
KEY POINTS
- 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
Summarized by Newsio from TechStartups.com. How we summarize →