“In the beginning we weren’t considering [raising more money so soon],” he said. “But since it felt like we are one of the few companies in the consumer fintech space getting interest and growing at a good pace and responsibly, we thought we should capitalize on it.”

https://techcrunch.com/2022/12/01/x1-a-challenger-credit-card-startup-gets-50-valuation-boost-and-plans-to-offer-consumers-a-way-to-buy-stocks-with-reward-points/