About X1
X1 Inc. provides the X1 Card, a credit card that allows users to earn up to 3X points per dollar spent, making it competitive with other high-reward cards. The card also includes various insurance and protection benefits, appealing to frequent travelers and shoppers. X1 differentiates itself by leveraging technology to enhance the user experience and ensuring transparency in its operations. The company's goal is to offer a tech-driven alternative to traditional credit cards, focusing on substantial rewards and comprehensive benefits.
San Francisco, CaliforniaHeadquarters
2017Year Founded
$60.3MTotal Funding
ACQUISITIONCompany Stage
Fintech, Financial ServicesIndustries
51-200Employees
Risks
Robinhood's acquisition may deprioritize X1's original business model, affecting market positioning.
Closure of new applications for X1 Card could limit customer growth.
Reduction in venture capital megafunds may limit future funding opportunities for X1.
Differentiation
X1 offers a sleek, stainless steel credit card with smart credit limits.
The card provides up to 3X points per dollar, competitive with major issuers.
X1 emphasizes transparency and legal compliance in all communications and transactions.
Upsides
Integration with Robinhood could enhance X1's user base and financial services.
The trend of no-fee, high-reward credit cards is growing, indicating strong demand.
Robinhood's acquisition provides X1 with increased capital and resources for expansion.
Funding
Total raised$60.31 M
Latest valuation$95.00 M
StageACQUISITION
ACQUISITION
5/31/2023$95
$95.00 M$12
$60.00 MSERIES A
8/31/2020$10
$50.00 M