Popular YouTuber MrBeast is now planning to venture into the financial services industry by launching his own financial services company, ‘MrBeast Financial.’
The development was revealed by Beast Industries CEO Jeffrey Housenbold at The New York Times’ DealBook Summit yesterday.
He also confirmed an earlier Business Insider report that the company is preparing to expand its operations into the financial services and telecommunications sectors.
According to Jeffrey, the company will launch a telecommunications company, Beast Mobile, as well as a financial platform that emphasizes financial literacy and access to global information.
The company’s application to the United States Patent Office on October 13 also lists plans to develop mobile applications and various financial services, including crypto, under the brand name ‘MrBeast Financial.’
The trademark application is in line with MrBeast’s plans to expand into the fintech space by providing products such as student loans, insurance and credit insights supported by financial literacy content.
This launch is expected to be realized through collaboration with fintech companies to leverage existing infrastructure, thus reducing regulatory and credit risks.
