Step, the [digital banking service aimed at teens](https://techcrunch.com/2019/01/31/step-targets-teens-and-parents-with-a-no-fees-mobile-bank-account-and-visa-card/), announced this morning the close of a $100 million round of Series C funding after growing to over 1.5 million users just six months after launch. The new round, led by General Catalyst, comes shortly after [Step’s $50 million Series B](https://techcrunch.com/2020/12/02/teen-banking-service-step-raises-50m-adds-tiktok-star-charli-damelio-to-investor-list/), announced at the end of last year after the startup hit half a million users in only two months post-launch.

The new round also includes participation from Step’s existing investors, Coatue, Stripe, Charli D’Amelio, The Chainsmokers, Will Smith and Jeffrey Katzenberg, and brings on newcomer Franklin Templeton, signaling a plan to move into investments is on the horizon. It also includes actor and musician Jared Leto. Step is also formally announcing NBA All-Star Stephen Curry as an investor, which had not previously been disclosed, as well as former Square executives, Sarah Friar, Jacqueline Reses and Gokul Rajaram.

As a result of the fundraise, Kyle Doherty of General Catalyst is joining Step’s board. To date, Step has raised over $175 million. Read rest [here](https://techcrunch.com/2021/04/27/teen-banking-service-step-raises-100m-series-c-announces-steph-currys-investment/).