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Robinhood acquires credit card startup X1 for $95M

TechCrunch: M&A

X1, which offers an income-based credit card with rewards, raised a total of $62 million in venture-backed funding from investors like Soma Capital, FPV, Craft Ventures and Spark Capital since its 2020 inception. Robinhood announced on Thursday that it was acquiring X1 , a no-fee credit card startup, for $95 million in cash.

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Raising Capital for Acquisitions: Funding Sources to Finance Your Dream Deal w/ Parnell Speed

How2Exit

b' E205: Raising Capital for Acquisitions: Funding Sources to Finance Your Dream Deal w/ Parnell Speed - Watch Here rn rn About the Guest(s): rn Parnell Speed is a seasoned professional with a background in engineering and experience in the real estate sector.

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Mountain Ridge Capital unveils factoring commercial finance firm Alpha Ridge Funding

PE Hub

Alpine Ridge is focused on originating, underwriting, and managing factoring facilities from $50,000 to $30 million. The post Mountain Ridge Capital unveils factoring commercial finance firm Alpha Ridge Funding appeared first on PE Hub.

Finance 57
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Bishop Street Underwriters Acquires Ethos Specialty’s Transactional Liability Unit, Adding High-Quality Capacity to its Rapidly Expanding Platform

Global Newswire by Notified: M&A

11, 2024 (GLOBE NEWSWIRE) -- Bishop Street Underwriters (“Bishop Street”), a RedBird Capital Partners portfolio company, today announced that it has acquired Ethos Specialty’s Transactional Liability unit. NEW YORK, Nov.

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Intrepid Capital Advisory Update – Five Things To Consider if Raising Capital in 2023

Intrepid Banker Insights

Intrepid Investment Bankers Intrepid Capital Advisory Update – Five Things To Consider if Raising Capital in 2023 As we come back from holiday feasts and celebrations, it’s important for business owners to think about what the next twelve months will bring.

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How the Growth of Private Credit is Impacting Private Equity

OfficeHours

Following the GFC, the government enacted new regulations that limited banks’ abilities to underwrite highly leveraged financing. They must take a capital charge against the capital reserve for this commitment (a charge that has generally increased over time to incentivize banks against risk-taking).

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How Merchant Banks Help Businesses Grow and Succeed

Razorpay

They may help with underwriting, fundraising, credit or financial advice. Leasing Services Merchant banks provide leasing services to companies in the form of capital goods, vehicles and office equipment. What is a Merchant Bank? Merchant banks may also provide services to high net worth individuals.

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