Robinhood announced on Thursday that it was acquiring X1, a no-fee credit card startup, for $95 million in cash. X1, which offers an income-based credit card with rewards, raised a total of $62 million in venture-backed funding from investors like Soma Capital, FPV, Craft Ventures and Spark Capital since its 2020 inception. On the one hand, while X1’s valuation is not known, it looks like Robinhood is getting a good deal with $95 million.
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Overview of Tomo Credit Card Tomo credit card stands out as an attractive option since it does not require a credit check and has several features, such as no annual fees and high credit limits. Ease.