The Technology team advised Step on its acquisition by Beast Industries, the largest and most innovative creator-based platform in the world. This acquisition marks a significant milestone for Beast Industries, bringing together Step's robust technology platform and full stack fintech team with Beast Industries’ extensive audience reach and proven track record in philanthropic initiatives. Together, the combined organization will deliver innovative solutions that make financial wellness achievable for people at every step of their life journey.
Step was founded by financial industry veterans CJ MacDonald and Alexey Kalinichenko to provide the next generation with financial tools for today’s modern-day banking needs and to promote financial literacy for the future. The founding team has 50+ years of combined financial technology experience from companies like First Data, Google, Gyft, and Block. Step is backed by Coatue, Collaborative Fund, Crosslink Capital, General Catalyst, and Stripe. Step’s financial products are powered by its bank partner Evolve Bank & Trust, Member FDIC, and insured up to $1,000,000.
The Goodwin team was led by Anthony McCusker, John Casnocha, Justin Smith, Ally Gao, Jared Gheen, Sophia Liu, Harry Berezin, Michelle Gorshteyn, Ora Grinberg, Shlomo Gottesman, Grace Wirth, Bradley Stewart, Koray Bulut, Ashton O’Halloran, Kevin Liu, Lilla Lavanakul, Jessica Rothstein, Katharine Cummings, Jacqueline Klosek, Jessica Gill, Cynthia Wells, Brynn Peltz, Scott Zilora, Matthew Mancini and Kees van der Kooiji, with invaluable support from Karen Martinez and Monica Volta.
For more information on the deal, please read the press release.