About X1 Card
X1 Card is a Financial Services company based in United States founded in 2017 by Sid Batra, and was acquired by Robinhood in June 2023. General-purpose credit cards are issued to consumers for purchases. X1 Card has raised $62 million across 4 funding rounds from investors including Robinhood, Spark Capital and Soma Capital. X1 Card offers products and services including Robinhood Gold Card and Robinhood App. Its focus areas include FinTech, Payments, Consumer Payments and Payment Cards. Its legal entity is Robinhood Markets, Inc. Its competitors include Affirm, Upgrade and Petal; 3 of its 3 listed competitors have raised funding.
Company details
X1 Card was founded in 2017 in the United States within the fintech sector. Credit cards for general consumer use are provided, supporting online and offline transactions. A free trial for virtual cards is offered, along with a loyalty program where reward points from partnered brands are earned per purchase. Virtual cards for one-time use can also be generated by users.
Products & Services of X1 Card
X1 Card offers a comprehensive portfolio of products and services, including Robinhood Gold Card and Robinhood App.
Provides cash back rewards and no annual fees for purchases.
Facilitates stock trading and financial management for users.
Apps and channels of X1 Card
its YouTube channel Robinhood has 52.7K subscribers and 30 videos.
Videos from X1 Card
The most watched videos on X1 Card's YouTube channel, Robinhood (52.7K subscribers). Click a video to play it here.
More on Robinhood.
Funding Insights of X1 Card
X1 Card has successfully raised a total of $62M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $62M
- Total Rounds 4
- Last Round Series B — $15M
- First Round $10M
(Jun 2020)
- Investors Count 18
All 4 funding rounds of X1 Card with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2022 | $15M | Series B | – | Soma Capital | |
| Jul 2022 | $25M | Series B | – | FPV Ventures | |
| Jan 2021 | $12M | Series A | – | Spark Capital | |
| Jun 2020 | $10M | Series A | – | – | – |
19 investors in total: 12 institutional and 7 angel.
Investors in X1 Card
X1 Card has secured backing from 19 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Robinhood, Spark Capital and Soma Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments are provided by Soma Capital to startups. | somacap.com | San Francisco, United States | ||
Investments are provided to mission-driven founders by FPV Ventures. | fpvventures.com | San Francisco, United States | ||
Venture capital fund focused on SaaS and consumer sectors | craftventures.com | San Francisco, United States | ||
Spark Capital is engaged in venture capital investments. | sparkcapital.com | San Francisco, United States | ||
Tech focused VC firm investing in early-stage startups in the US | harrisonmetal.com | San Francisco, United States | ||
Early-stage investments are provided to transformative technology companies. | svangel.com | San Francisco, United States | ||
Early-stage startups are invested in by sector-agnostic VC firm. | abstractvc.com | San Francisco, United States | ||
Venture capital firm focused on early-stage startups | globalfounderscapital.com | Berlin, Germany | ||
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Electronic music is produced and performed by The Chainsmokers duo. | thechainsmokers.com | New York, United States |
Investor details for X1 Card
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of X1 Card
704 people are tracked at X1 Card (138 in leadership, 12 in board & advisors, 554 in team).
| Name | Role | Group |
|---|---|---|
Sid Batra | Co-Founder | Leadership |
Norm Ashkenas | Chief Compliance Officer | Leadership |
Oren Naim | VP, Platforms | Leadership |
Susan Segal | Director | Leadership |
Joshua Topolsky | Editor-in-chief & President, Sherwood Media | Leadership |
David Flagg | Director Of Regulatory Reporting And Best Execution | Leadership |
Connie Schan | Vice President, People | Leadership |
Michael Goodbody | Vice President, Marketing and Communications | Leadership |
Lauren Van Cavage | HR Partner | Leadership |
Jb Mackenzie | Vice President & General Manager, Futures & International | Leadership |
Kyle Matson | Head of Corporate Development | Leadership |
Vlad Tenev | Co-Founder & CEO | Leadership |
Jay Hammonds | Head Of Technical Support Services, Corporate Engineering | Leadership |
Tatiana Denisova | Senior Director Of Crypto Operations & COO Of Robinhood Crypto | Leadership |
Johann Kerbrat | Crypto General Manager | Leadership |
Jason Warnick | CFO | Leadership |
Rachel Mastro | People Partner | Leadership |
Hyunjin Terri Chung | People Partner | Leadership |
Rohit Ranjan | VP Of Engineering | Leadership |
Michael Cai | Head Of Applied Machine Learning | Leadership |
684 more people are available in the full profile.
Complete people profiles for X1 Card
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of X1 Card
4 dated milestones of X1 Card across 6 years, from founding to its latest funding, stage changes and deals.
- Founded X1 Card is founded.
- Funding First funding round of $10.0M.
- Funding Latest funding round, Series B, of $15.0M.
- Exit Acquired by Robinhood.
Competitors of X1 Card
X1 Card has 3 listed competitors in our database, 3 of them funded. They include Affirm, Upgrade and Petal.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| affirm.com | 2012 | San Francisco, United States | $1.23B | 2,171 | Point-of-sale financing is facilitated via an online installment payment platform. | |
| upgrade.com | 2016 | San Francisco, United States | $750M | 1,221 | Consumer credit and banking products are offered to individuals. | |
| petalcard.com | 2016 | West Sacramento, United States | $298.43M | 164 | Credit cards are issued to consumers via alternative credit evaluation. |
Detailed competitors of X1 Card
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
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Verified entity values are shown only after access is granted.
Web traffic of X1 Card
The website of X1 Card (x1creditcard.com) receives about 3.9K visits a month.
- Monthly visits3.9K
▼ 29.4% vs previous month
Websites whose visitors overlap most with X1 Card. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| paymentsdive.com | 100% | #217,606 | View details |
Top companies in Alternative Lending
3 companies that operate in the same segment as X1 Card (Alternative Lending) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | 1,487 |
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Related news about X1 Card
Complete news archive for X1 Card
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Frequently Asked Questions about X1 Card
X1 Card was founded in 2017 and raised its 1st funding round 3 years after it was founded.
X1 Card is headquartered in United States.
X1 Card is a funded company, having raised a total of $62M across 4 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Jun 2020.
X1 Card was founded in 2017 in the United States within the fintech sector. Credit cards for general consumer use are provided, supporting online and offline transactions. A free trial for virtual cards is offered, along with a loyalty program where reward points from partnered brands are earned per purchase. Virtual cards for one-time use can also be generated by users.
X1 Card offers Robinhood Gold Card and Robinhood App.
X1 Card has 19 investors. Key investors include Robinhood, Spark Capital, Soma Capital, Brian Kelly, and Kyle Vogt.
X1 Card operates through Robinhood Markets, Inc..
Yes. X1 Card was acquired by Robinhood in June 2023.