Spark Capital news and trends

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

Deel Lands $30M In Series B For Distributed Workforce Payroll
B2B Payments // September 09, 2020

Deel has notched a $30 million Series B investment headed up by Spark Capital, whose General Partner Yasmin Razavi is joining the company’s board, according to a Wednesday (Sept. 9) company announcement. Deel said its aim is to take down the barriers of workforces gathered in...

Affirm Confirms $200M Investment Round
Merchant Innovation // December 11, 2017

Financial services company Affirm announced Monday it has raised $200 million in Series E funding from a consortium of investors led by global investment firm GIC Private Limited. In a press release, Affirm said funding to date comes to approximately $450 million. In the latest...

Quick Reads
Cover Genius Raises $80 Million to Grow Embedded Protection Offering

May 15, 2024
InsurTech Cover Genius has raised $80 million in Series E funding to grow its embedded protection offering. The company will use the fresh capital to expedite its growth plans and to invest in new technology like improved digital insurance distribution solutions, artificial intelligence (AI)-powered claims handling and additional protection solutions to be made available on […]

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...