Robinhood enters an agreement to acquire credit card firm X1 for $95 million

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2023/06/Robinhood-X1-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2023/06/Robinhood-X1-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2023/06/Robinhood-X1-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2023/06/Robinhood-X1-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2023/06/Robinhood-X1-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2023/06/Robinhood-X1-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2023/06/Robinhood-X1-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2023/06/Robinhood-X1.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><p>Tenev commented:</p>
<div><img aria-describedby="caption-attachment-449353" decoding="async" class=" wp-image-449353" src="https://www.leaprate.com/wp-content/uploads/2023/05/Vlad-Tenev.png" alt="Vlad Tenev,, Robinhood" width="115" height="115" srcset="https://www.leaprate.com/wp-content/uploads/2023/05/Vlad-Tenev.png 276w, https://www.leaprate.com/wp-content/uploads/2023/05/Vlad-Tenev-250×250.png 250w, https://www.leaprate.com/wp-content/uploads/2023/05/Vlad-Tenev-150×150.png 150w, https://www.leaprate.com/wp-content/uploads/2023/05/Vlad-Tenev-120×120.png 120w, https://www.leaprate.com/wp-content/uploads/2023/05/Vlad-Tenev-245×245.png 245w" sizes="(max-width: 115px) 100vw, 115px" /><p>Vlad Tenev</p></div>
<blockquote><p>This <a href="https://www.leaprate.com/tag/acquisition/" target="_blank" rel="noopener">acquisition</a> will bring us closer towards our goal of serving the entirety of our customers’ critical financial needs. Together with X1, Robinhood will now be able to offer our customers access to credit.</p></blockquote>
<p>Deepak Rao, CEO and co-founder of X1, said</p>
<blockquote><p>When founding X1, we set out to create a different kind of credit card with an unparalleled experience for customers, similar to Robinhood’s mission to make our financial markets more accessible to all. We share the same ethos and joining together with Robinhood we’ll be able to offer an enhanced credit card experience.</p></blockquote>
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