YouTube Star MrBeast Just Bought a Banking App—Will It Offer Crypto?
The post YouTube Star MrBeast Just Bought a Banking App—Will It Offer Crypto? appeared on BitcoinEthereumNews.com.
In brief Beast Industries, MrBeast’s holding company, is acquiring Step, a mobile banking platform for teenagers and young adults with FDIC insurance through Evolve Bank & Trust. Step has raised $491 million from high-profile investors including Stephen Curry, Justin Timberlake, Will Smith, and The Chainsmokers. The acquisition follows 2025 trademark filings hinting at MrBeast’s interest in crypto exchanges and financial products, now materializing through teen-focused banking. Beast Industries, a financial entity tied to YouTube star MrBeast, has agreed to acquire fintech startup Step for an undisclosed amount. Beast Industries is the holding company behind MrBeast’s consumer brands, including packaged snack brand Feastables, and manages business ventures outside his wildly popular YouTube channel, which has more than 466 million subscribers. The acquisition means that MrBeast, whose real name is James Stephen Donaldson, has bought a firm that has an existing banking partner, Evolve Bank & Trust, that’s an FDIC member and insured up to $250,000 per depositor. Step has focused on building mobile-based banking for teenagers and young adults. I’m so excited to share that we are acquiring the financial services app, @step Nobody taught me about investing, building credit, or managing money when I was growing up. That’s exactly why we’re joining forces with Step! I want to give millions of young people the financial… — MrBeast (@MrBeast) February 9, 2026 Beast Industries didn’t say when the deal will be finalized, and did not immediately respond to a request for comment about details from Decrypt. Step has raised $491 million to date through six fundraising rounds, according to Crunchbase. The company has backing from 4-time NBA Champion Stephen Curry, pop star Justin Timberlake, actor Will Smith, and electronic DJ duo The Chainsmokers. In 2025, entities linked to MrBeast filed trademark applications related to a potential crypto exchange, signaling early…
Filed under: News - @ February 9, 2026 9:28 pm