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InsurTech Leader Ethos Secures $200 Million Investment Round; Valuation Exceeds $2 Billion Company surpasses competitors, will provide $20B in coverage this year News provided by Share this article Share this article SAN FRANCISCO, May 11, 2021 /PRNewswire/ -- Ethos, the InsurTech leader that is transforming the life insurance space, today announced it has raised a $200M Series D investment round, boosting its valuation to $2B in just a few years since launch. Revenue and users have each grown by more than 500 percent year-over-year, and the company expects to issue $20 billion of life insura...

Teen banking service Step raises $100M Series C, announces Steph Curry’s investment Step, the digital banking service aimed at teens and endorsed by TikTok star Charli D’Amelio, announced this morning the close of a $100 million round of Series C funding after growing to over 1.5 million users just six months after launch. The new round, led by General Catalyst, comes shortly after Step’s $50 million Series B, announced at the end of last year after the startup hit half a million users in only two months post-launch. The new round also includes participation from Step’s existing inves...

Stripe returns to back fast-growing US mobile bank Step Start-up has surpassed 1.5m teenage users less than six months after launching about 5 hours ago   Stripe has once again participated in a funding round for Step, a US mobile banking start-up aimed at teenagers, which is also backed by a number of well-known stars. Step has secured $100 million in funding in Series C round as it announced it has surpassed 1.5 million users less than six months after launching. Of these users, some 88 per cent said Step is their first bank account. The start-up is aimed solely at the ‘pre-banked’ ge...