Step
Step is a financial services company for young adults, offering a no-fee bank account, Visa card, and credit-building tools.
Secondary Market Price
How Step Measures Up
To help you manage your Step equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series C
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
Secondary Market Price Chart
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Prospect Projected Future Step Prices
Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for Step's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.
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Company Description
Step is a financial services company that develops banking products tailored to young adults. The company provides a free bank account, a mobile app for tracking balances and transactions, and a Step Black Visa Card that offers up to 8% cashback on purchases and 5% earnings on savings. In addition to its banking services, Step has also launched Step Mobile, an unlimited phone plan. Founded in 2018 by CJ MacDonald and Alexey Kalinichenko, the company was created to address challenges young people face with traditional banks and a lack of financial education. Headquartered in Palo Alto, California, Step reported having 2 million customers as of February 2022.
The company's recent expansion into telecommunications with Step Mobile indicates a broader strategy of providing comprehensive financial and lifestyle solutions for its target demographic. This move aligns with its stated mission of equipping the next generation with tools for financial independence. In recent months, Step was named to CNBC’s list of the World’s Top Fintech Companies for 2025. The company also secured a $300 million debt financing round in November 2022, following the launch of its mobile service which reportedly had thousands of users on its waitlist.
- Coatue
- General Catalyst
- Stripe
- Crosslink Capital
- Collaborative Fund
- Co-Founder, CJ MacDonald
- Co-Founder, Alexey Kalinichenko
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Step worth joining?
Deciding whether to join a startup like Step requires a careful evaluation of its equity compensation package alongside its culture and growth potential. Tools like Prospect can help you project the future value of your equity and make a more informed career decision.
What should I do with my Step stock?
The right strategy for your Step stock depends on your personal financial goals, tax situation, and risk tolerance. Platforms like Prospect offer customized strategies for exercising options and selling shares to help you maximize your potential returns.
Can you sell Step stock?
Selling stock in a private, pre-IPO company like Step is typically possible during specific liquidity events, such as a tender offer or on a secondary market. Financial tools can help you navigate these opportunities and determine the most tax-optimal shares to sell.
How can I find the value of my Step stock?
The value of stock in a private company like Step is determined by its latest 409A valuation, but its future potential value is harder to predict. You can use a platform like Prospect, which uses machine learning models to project your equity's future worth based on various data points.
What is Step's equity worth?
As Step is a private company, its precise equity valuation isn't public and fluctuates based on performance, funding rounds, and market conditions. To understand the potential value of your specific holdings, you can use equity management platforms that model various financial outcomes.
What is Step's stock ticker symbol?
Since Step is a private company, it does not have a stock ticker symbol. Ticker symbols are only assigned to companies when they become publicly traded on a stock exchange like the NYSE or NASDAQ.
Can I buy or sell Step stock?
As a private company, Step stock is not available for purchase on public markets, and selling is generally restricted to company-approved liquidity events. Employees can typically "buy" shares by exercising their stock options, a process that platforms like Prospect can help optimize for tax purposes.
What is the criteria to buy or invest in Step stock?
Investing in a private startup like Step is typically restricted to employees who receive equity as part of their compensation or to accredited investors during specific funding rounds. The general public cannot purchase shares until the company completes an Initial Public Offering (IPO).
