X1 CARD, WHICH OFFERS A Mastercard WITH Cutoff points In view of CURRENT AND FUTURE Pay Rather than FICO rating, RAISES $12M Subsidizing ROUND Drove BY Flash CAPITAL (ROMAIN DILLET/TECHCRUNCH)

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Romain Dillet / TechCrunch:

X1 Card, which offers a credit card with limits based on current and future income instead of credit score, raises $12M funding round led by Spark Capital  —  X1 Card is raising a $12 million funding round.  The company is building a credit card that sets limits based on your current and future income, not your credit score.