Photoinduced polymerization is an attractive technique with the advantages of easy operation, mild conditions, and excellent temporospatial controllability. However, the application of this technique in step-growth polymerization is highly challenging. Here, we present a catalyst-free, visible-light-induced step-growth polymerization method utilizing a photo-RAFT single-unit monomer insertion reaction between the xanthate and vinyl ether groups. Benefitting from this reaction, a pendant cationic RAFT agent can be generated in each repeating unit of the polymer backbone. Both cationic and radical side chain extensions were successfully realized, providing a facile approach for the postpolymerization of step-growth polymers for the development of various functional polymeric materials.