Crosslink Capital, Inc. (“Crosslink”) was recently informed that someone or an organization has been impersonating it and one or more of its employees on the mobile application WhatsApp.
Crosslink does not market its services and Crosslink and its employees do not provide investment advice through WhatsApp or any similar social media messaging application, and anyone who does so purporting to act in Crosslink’s name or the name of any of its employees is not in any way connected to Crosslink or Crosslink Capital Management, LLC. Crosslink employees provide investment advice only through Crosslink. Crosslink provides investment advice only to investment funds or clients, in each case, with whom it has entered into a written contract. Crosslink does not provide investment or other advice to non-clients.
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September 30, 2020
SAN FRANCISCO – September 30, 2020 – Step, the new modern-day financial services company built for teens and families, today announced its official launch, offering a free FDIC insured bank account and Visa card. Through its app, Step offers an all-in-one banking solution with a new type of personalized card that has no interest or fees and helps teens build positive credit. In celebration of the launch, furthering Step’s mission to improve the financial future of the next generation, the company will also be giving away $100,000.
This summer Step began piloting the app with friends and family, experiencing overwhelming interest for this new type of no fee, all-in-one banking solution. After rave reviews from more than 100,000 users during the pilot phase, today Step is available to the public for the very first time.
The company has also partnered with dancer and social media megastar Charli D’Amelio to share her favorite Step features and how she uses the app to manage money, her way. Step recently raised $22.5 million in Series A funding led by Stripe with participation from Will Smith’s Dreamers fund and Nas, as well as existing investors Crosslink Capital, Collaborative Fund, Kombo Ventures and Sesame Ventures. Step’s financial products are powered by its bank partner Evolve Bank & Trust, Member FDIC and insured up to $250,000. Read rest here.