Robinhood acquires credit card startup X1 for $95M
TechCrunch: M&A
JUNE 22, 2023
X1, which offers an income-based credit card with rewards, raised a total of $62 million in venture-backed funding from investors like Soma Capital, FPV, Craft Ventures and Spark Capital since its 2020 inception. Robinhood announced on Thursday that it was acquiring X1 , a no-fee credit card startup, for $95 million in cash.
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