X1, a consumer fintech startup which recently launched an income-based credit card to the public, has raised an additional $15 million in funding.
This round caught our attention for a few reasons. For one, a consumer fintech raising in this environment is a bit counter to the narrative that startups in the space are generally struggling. (For example, digital bank Chime recently laid off 12% of its workforce, or about 160 people.)
Also, notably, X1’s latest financing comes just six months after the San Francisco-based company raised $25 million in a July Series B round. It also is not only n