YouTube star MrBeast acquires financial services firm Step
The company provides savings and investment services, along with helping people under age 18 establish credit
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[NEW YORK] YouTube star Jimmy “MrBeast” Donaldson acquired Step, a financial services company catering to young people, through his Beast Industries.
Terms of the deal were not disclosed. Step provides savings and investment services, along with helping people under age 18 establish credit, according to its website.
The company has raised more than US$500 million and has attracted over seven million users.
“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,” Beast Industries chief executive officer Jeff Housenbold said on Monday (Feb 9).
Beast Industries was valued at US$5.2 billion in 2024. The company plans to offer more consumer products and services to MrBeast fans, who number more than 460 million at his main YouTube channel.
Beast Mobile is the company’s upcoming phone service. BLOOMBERG
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
