Welcome back to The Interchange! If you want this in your inbox, sign up here. We’re back after a brief hiatus, with lots of fintech news, including Robinhood’s latest acquisition, Plaid’s newest product and a ChatGPT-powered AI tool that aims to help you save money on bills.
Robinhood’s motives
When Robinhood announced on June 22 that it was acquiring credit card startup X1 for $95 million, it caused all sorts of chatter in the fintech world.
Why would Robinhood want to buy a credit card startup? Did it get a good deal, considering that X1 has raised only $62 million o
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Did this one feature entice Robinhood to acquire X1?
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