Beast Industries, a creator-based platform owned by MrBeast, has acquired Step, a fintech company based in the US that focuses on financial literacy and money management.
The acquisition brings together Step’s technology platform and fintech team with Beast Industries’ audience reach and philanthropic initiatives.
The combined organisation aims to provide practical solutions for financial wellness across different life stages.
“Financial health is fundamental to overall wellbeing, yet too many people lack access to the tools and knowledge they need to build financial security,”
said Jeff Housenbold, CEO of Beast Industries.
“This acquisition positions us to meet our audiences where they are, with practical, technology-driven solutions that can transform their financial futures for the better.”
Step, founded by CJ MacDonald, has developed technology and resources that educate users on financial literacy and help them build credit.
The platform has over seven million users and investors including Stephen Curry, Charli D’Amelio, Justin Timberlake, Will Smith, and The Chainsmokers.
“Our goal has always been to improve the financial future of the next generation,”
said MacDonald.
“There are a lot of synergies between Step and what Jimmy, Jeff and the team at Beast Industries believe in when it comes to helping people and giving back. We’re excited about how this acquisition is going to amplify our platform and bring more products to Step customers.”
The partnership seeks to address financial literacy gaps and support communities at all stages of life through technology and educational initiatives.
Featured image credit: Edited by Fintech News Switzerland, based on image by Steven Khan via Wikipedia
