SAN FRANCISCO, Jan. 14, 2021 /PRNewswire/ --X1 today announces a $12 million investment led by Spark Capital with participation from Jared Leto, Box CEO Aaron Levie, Yelp CEO Jeremy Stoppelman, Affirm CEO and PayPal co-founder Max Levchin and Y Combinator Continuity CEO Ali Rowghani.

Ash Gupta is joining X1 as an advisor. Ash retired from American Express in 2018 after 40 years of continuous service where he was the Chief Risk Officer. As the President of Global Risk and Information management teams, he was instrumental in navigating American Express successfully through the great recession.

The funding follows X1 Card's viral growth since opening up its waitlist in September. The waitlist is already nearing 300,000 signups and is on its way to becoming the largest ever waitlist for a fintech product.

Built with 17g of stainless steel and laser etching technology, X1 Card reimagines the credit card from the ground up. It harnesses the power of technology to offer smart credit limits, an unparalleled rewards program, and automated features that will transform the way you shop and spend.

"The reaction to X1's unveiling and waitlist was outstanding, and we cannot wait to bring this card to market and to the hundreds of thousands who have signed up for it," said X1 co-founder and CEO, Deepak Rao. "We're honored to partner with Spark Capital and this phenomenal group of investors as we continue to build X1 and modernize the credit card industry."

To learn more about X1 Card and sign up for the waitlist, visit x1creditcard.com.

About X1 CardX1 Card is the smartest credit card ever made. Built with 17g of stainless steel and laser etching technology, X1 Card reimagines the credit card from the ground up. It harnesses the power of technology to offer smart credit limits, an unparalleled rewards program, and automated features that will transform the way you shop and spend. The company is cofounded by Twitter alums Deepak Rao and Siddharth Batra and backed by Spark Capital, Craft Ventures, Harrison Metal, Jared Leto, Box CEO Aaron Levie, Yelp CEO Jeremy Stoppelman, Affirm CEO and PayPal co-founder Max Levchin and Y Combinator Continuity CEO Ali Rowghani.

PR ContactDeepak Rao [emailprotected]

SOURCE X1 Card

https://x1creditcard.com/

More here:
X1, the smartest credit card ever made, raises $12 million - PRNewswire