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X1 Card Pitch Deck used to Raise $25 Million in Series B Funding

X1 Card Pitch Deck used to Raise $25 Million in Series B Funding

Company Background:

X1 Card is a Visa smart credit card made with 17 grams of sleek, stainless steel.

X1 card is a Visa credit card that sets limits based on your current and future income, rather than your credit score. The company was founded by Deepak Rao (ex Twitter Head of Product) and Siddharth Batra (ex Twitter Head of Engineering). X1 has become the fastest growing challenger credit card of all time, with a transaction occurring every 5 seconds, and is on track to see $1B in annualized spending this year. The card has a 500,000-person waiting list, has been used in over 100 countries, and has members from all 50 states.

The company has announced a $25 million Series B funding round led by FPV and has raised over $45 million from some of the most iconic investors in Silicon Valley, including the CEOs of Yelp, Box, Affirm, Y Combinator Continuity, and the former president of American Express, with David Sacks on the board.

Business Model & Funding Summary:

  • Industry: Fintech
  • Business model: Credit Card, Lending, Finance
  • Year: 2022
  • Amount raised: $25M
  • Stage: Series B

Pitch Deck Used:

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