March 08, 2022
PALO ALTO, Calif.–(BUSINESS WIRE)–Step, the all-in-one financial solution for the next generation, has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2022. Snagging the No. 3 spot in the “Small and Mighty” category, Step is recognized for successfully tackling the massive societal issue of financial literacy with out-of-the-box ideas and innovative solutions.
In fact, while millions of Americans have historically been underserved––with 34% of teens unbanked and 29 states failing to teach personal finance curriculum in the classroom––Step’s efforts are already starting to turn the tide. In just 1.5 years, the company has amassed nearly 3 million customers and helped 88% of Step teens open their first bank accounts.
“At Step we are committed to building an equitable platform that ensures every single teenager––regardless of their race, gender or socioeconomic status––can gain access to critical financial tools and education,” said CJ MacDonald, Founder and CEO at Step. “We want to empower the next generation to blaze their own trail and pursue their dreams without restraint and that starts with a solid understanding of financial literacy.” Read rest here.