00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Beast Industries, founded by YouTube creator Jimmy Donaldson, known as Mr. Beast,
00:07has acquired financial services app Step, according to CNBC.
00:11The move marks the company's entry into fintech with a focus on teens and young adults.
00:16Step operates as an all-in-one money app offering tools for saving, spending,
00:20sending money, investing, and building credit. It will continue operating under Beast Industries.
00:25The purchase price was not disclosed. Beast Industries has raised capital over the past year,
00:31including a $200 million investment from Bitmine Immersion Technologies.
00:35Founded in 2018, Step has more than 7 million users and partners with Evolve Bank and Trust for
00:41banking services. Beast Industries said Step's platform and team align with its digital audience
00:47and philanthropic efforts. For all things money, visit benzinga.com.
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