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Robinhood Acquires FinTech Firm X1 to Offer No-Fee Credit Card

June 22, 2023
Robinhood Markets announced on Thursday (June 22) the acquisition of San Francisco-based FinTech firm X1, which offers users a no-fee income-based credit card with rewards on each purchase. The $95 million cash deal, which is expected to close in Q3 2023, will enable Robinhood to offer its customers access to credit, bringing the company “closer […]