Robinhood, the stock-trading and investing app that exploded in popularity during the pandemic retail trading boom, announced it has agreed to pay $95 million in cash to acquire X1 Card, a fintech and payments firm offering no-fee credit cards. Investors Soma Capital, FPV, Craft Ventures, and Spark Capital allocated $62 million in venture capital to X1, which provides income-based credit cards with benefits.
Robinhood to Acquire Credit Card Startup X1 for $95 Million
