X1 Card raises $12 mn in funding led by Spark Capital
Summary
The FinTech has also announced the joining of Ash Gupta, former President and Chief Risk Officer (CRO) at American Express, as an advisor. As the President of Global Risk and Information management teams, he was instrumental in navigating Amex successfully through the great recession. It harnesses the power of technology to offer smart credit limits, an unparalleled rewards program, and automated features that will transform the way users 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. We’re honoured to partner with Spark Capital and this phenomenal group of investors as we continue to build X1 and modernize the credit card industry,” said X1 co-founder and CEO, Deepak Rao.