Step, an under-18 banking platform, has raised $300 million in debt financing that the company will use, among other things, to launch a service for investing in digital assets.
According to the company, it has received support from Triplepoint Capital and Evolve Bank & Trust.
Other companies that have also previously given their support to Step include Crosslink Capital, Stripe, Coatue, General Catalyst, Triplepoint Capital, Charlie D’Amelio, Stephen Curry, Justin Timberlake, Will Smith, The Chainsmokers, Alex Rodriguez and others.
The company’s customers will be able to buy and sell cryptocurrencies in a mobile application with the consent of their parents or legal guardians.
Initially, they will only have access to Bitcoin. In the future, developers will add stocks and other digital assets.