TikTok Star Charli D’Amelio Invests In Mobile Banking Service For Teens

KEY POINTS

  • Charli D’Amelio has invested in a mobile banking service called Step that is aimed at teens aged 13 to 19
  • She joins Justin Timberlake, the Chainsmokers, Kelvin Beachum, Eli Manning and more
  • Step has welcomed over 500,000 users only two months after its official launch

TikTok’s most popular user Charli D’Amelio has invested in Step, a mobile banking service aimed specifically at teens.

Step announced Wednesday that it has raised over $50 million in Series B funding, TechCrunch reported. D’Amelio, 16, is excited about her first startup investment and is optimistic about the future of the company.

“As a Step partner and customer, I’ve been able to see firsthand how easy Step makes it to manage your money while providing the educational resources that today’s teens need but have largely been unable to find—myself included,” the TikTok star said in a statement.

“I’m excited to be able to

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After internet banking, mobile banking problems, RBI orders lender to stop digital launches, new credit cards



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HDFC Bank failed transactions: Reserve Bank of India  (RBI) has issued an Order dated  December  2, 2020 to HDFC Bank Limited with  regard  to certain incidents of outages in the internet banking / mobile banking / payment utilities of the Bank over the past 2 years, including the recent outages in the Bank’s internet banking and payment system on November 21, 2020 due to a power  failure in the primary data  centre.  

The  RBI  vide  said  Order  has  advised  the  Bank  to  temporarily  stop

i)  all  launches  of  the  Digital  Business  generating activities planned under its program ?Digital 2.0 (to be launched) and other proposed business generating  IT  applications

(ii)  sourcing  of  new  credit  card  customers.  In  addition,  the  Order  states  that  the  Bank’s  Board  examines the lapses and fixes accountability.   

The above measures shall be considered for lifting upon satisfactory compliance with the major

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Teen banking app Step reaches for the stars to raise $50 million

LONDON (Reuters) – Teen banking app Step has raised $50 million (37.4 million pounds) from investors led by Coatue Management alongside celebrities such as singer Justin Timberlake, influencer Charli D’Amelio and former quarterback Eli Manning.

Step, which offers teenagers a bank account connected to a secured spending card and peer-to-peer payments, also said it had secured funding from existing backers including Stripe, Will Smith’s Dreamers VC, CrossLink Capital and Collaborative Fund.

San Francisco-based Step allows parents to view balances and real-time activity, add money to their teens’ accounts and manage and freeze cards. It does not charge fees but makes money from card interchange.

Other stars involved in the fundraising included The Chainsmokers, Kelvin Beachum, Larry Fitzgerald and Andre Iguodala, Step said in a statement on Wednesday.

The startup, which has attracted more than 500,000 users since launching two months ago, will use the funding to grow the team and

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Insights on the Third-party Banking Software Market 2020-2024: COVID-19 Industry Analysis, Market Growth, Opportunities, and Forecast

LONDON–(BUSINESS WIRE)–Nov 27, 2020–

The third-party banking software market is expected to grow by USD 3.04 bn, progressing at a CAGR of over 8% during the forecast period. Download Free Sample Report

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201127005001/en/

Technavio has announced its latest market research report titled Global Third-party Banking Software Market 2020-2024 (Graphic: Business Wire)

The growing use of digital payment solutions is one of the major factors propelling market growth.

More details:https://www.technavio.com/report/third-party-banking-software-market-industry-analysis

Third-party Banking Software Market: Application Landscape

Based on the application, the core banking software segment is expected to witness lucrative growth during the forecast period.

Third-party Banking Software Market: Geographic Landscape

By geography, Europe is going to have a lucrative growth during the forecast period. About 33% of the market’s overall growth is expected to originate from Europe. The UK and Germany are the key markets for third-party banking software

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Meet Jane Dunlevie, Goldman Sachs cohead of internet investment banking

  • Jane Dunlevie, a co-head of Goldman’s global internet investment-banking business within its technology, media, and telecommunications group, was promoted to partner on Thursday.
  • Dunlevie, 35, works with big-ticket tech clients, including companies like Shopify, Pinterest, and PayPal.
  • She spoke to Business Insider about her early fascination with Goldman Sachs and curiosity around innovation. 
  • Visit Business Insider’s homepage for more stories.

In 2007, fresh out of Stanford University, Jane Dunlevie began her career as an analyst at Goldman Sachs, at the base of one of Wall Street’s tallest mountains.

If breaking into the firm’s exclusive partnership is considered the peak, then, 13 years after she first joined the firm, Dunlevie scaled its summit.

“We’re obviously individually excited, but I think collectively incredibly proud of the achievements of the whole group,” Dunlevie told Business Insider in an interview Thursday, a few hours after being elevated to partnership via a phone call direct

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More Latin Americans join digital banking services

BOGOTA, Colombia — Sonia Fierro has lived her entire adult life selling children’s books on the streets of Colombia’s capital, earning wages that barely cover her living expenses, let alone the monthly fees that come with a bank account.

When the pandemic left her short on cash, she qualified for government aid, but she needed an account where the money could be sent. With the help of her tech-savvy daughter, she signed up for a virtual banking app called DaviPlata, which allows users to receive money, retrieve cash and make payments.

“It’s the best thing they could have done because it’s easy and doesn’t cost anything,” she said.

Across Latin America, the COVID-19 crisis has yielded a rare bright spot: Millions of people like Fierro who were long excluded from traditional banking have joined the financial system using digital banking services. Governments tapped into the services to dole out

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Pandemic draws more Latin American poor into banking system

BOGOTA, Colombia (AP) — Sonia Fierro has lived her entire adult life selling children’s books on the streets of Colombia’s capital, earning wages that barely cover her living expenses, let alone the monthly fees that come with a bank account.

When the pandemic left her short on cash, she qualified for government aid, but she needed an account where the money could be sent. With the help of her tech-savvy daughter, she signed up for a virtual banking app called DaviPlata, which allows users to receive money, retrieve cash and make payments.

“It’s the best thing they could have done because it’s easy and doesn’t cost anything,” she said.


Across Latin America, the COVID-19 crisis has yielded a rare bright spot: Millions of people like Fierro who were long excluded from traditional banking have joined the financial system using digital banking services. Governments tapped into the services to dole out

Read More