Robinhood acquires credit card startup X1 for $95M

Robinhood announced on Thursday that it was acquiring X1, a no-fee credit card startup, for $95 million in cash. 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. The company announced […] Robinhood acquires credit card startup X1 for $95M by Christine Hall originally published on TechCrunch...