https://techcrunch.com/2023/06/22/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 its most recent raise of $15 million in December, when it also touted a 50% boost in its valuation.