X1
Latest round
- Series B
Last raised
- Dec 2022
Total raised
- $40M
Investors
- 9
About X1
X1 Inc.Founded in 2017 in San Francisco, US, X1 Inc. operates in the credit card sector. The founders, Deepak Rao and Siddharth Batra, aim to transform how individuals manage and utilize credit. for USD 95 mn.X1 Inc. offers a unique credit card product that combines attractive cash back incentives and flexible spending options, primarily targeting individual consumers. The card provides features such as no annual fees and an innovative rewards system that appeals to both new and seasoned credit card users.X1 Inc. generates revenue through transaction fees associated with its credit card services, as well as interest from unpaid balances.Following its acquisition by Robinhood Financial LLC, X1 Inc. plans to leverage its resources to enhance product offerings, including the introduction of new features for its credit card by the end of 2024. The expansion strategy focuses on increasing its market presence across the US, particularly among younger demographics seeking flexible credit solutions.
Who invested in X1
9 investors across 4 rounds
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Questions about X1
Who invested in X1?
X1 has 9 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has X1 raised?
X1 has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did X1 last raise money?
X1's most recent round on record is a Series B, in Dec 2022.
What does X1 do?
X1 is a financial services company.
Where is X1 headquartered?
X1 is headquartered in San Francisco, US.
Which VCs invest in companies like X1?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at X1's stage. Their profiles are linked below.
VCs backing financial services startups at Series B
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