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...
Silicon Valley credit card startup X1 raised $12 million in a funding round led by Spark Capital, a backer of Twitter, Plaid, Slack and Affirm. The round also had participation from Jared Leto and CEOs of known tech brands. X1 Co-Founder and CEO Deepak Rao...
July 14, 2023
Cash-strapped tech startups facing a financing crunch are increasingly seeking to sell themselves to larger companies, launching a wave of takeovers of popular artificial intelligence companies that has revived Silicon Valley investment activity. Databricks recently announced a $1.3 billion mostly stock deal to acquire AI start-up MosaicML, providing software tools designed to lower the cost […]
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...
January 14, 2021
Silicon Valley credit card startup X1 raised $12 million in a funding round led by Spark Capital, a backer of Twitter, Plaid, Slack and Affirm. The round also had participation...
