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New Deal


Announced

Completed

Robinhood completed the acquisition of X1 for $95m.

Financials

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Transaction Value£74m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

credit cards

FinTech

Acquisition

Majority

Private

Domestic

Completed

Friendly

Single Bidder

Synopsis

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Robinhood, an American financial services company, completed the acquisition of X1, a credit card platform company, for $95m. “This acquisition 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,” Vlad Tenev, Robinhood Co-Founder and CEO.

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