Nas and Will Smith have teamed up to provide an opportunity for teenagers to learn about financial literacy by investing in a new mobile banking app. The start-up mobile app company, Step, allows parents to get an oversight of their teens spending and provide suiting banking services for teenagers as they get older.

CEO of Step, CJ MacDonald stated:

Schools don’t teach kids about money. We want to be their first bank accounts with spending cards, but we also want to teach financial literacy and responsibility. Banks don’t tailor to this, and we want to be a solution teaching the next generation of adults to be more responsible with money in the cashless era. It was easy with cash to go to the mall but now everyone is using their phone for Uber and more.”

The app is currently up and running an available on Android and iOS.