X1, the fastest growing Challenger credit card, hires Apple Card and Barclays Alums to join its C-Suite as it rolls out to the public


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Joining the C-Suite of X1 will be Abhi Pabba, formerly Apple Card’s head of credit, and Kieran Brady, former chief executive of Barclays, to solidify X1 as the best challenger credit card on the market.

SAN FRANCISCO–(BUSINESS WIRE)–Map X1 (x1.co), the smartest credit card ever, announced that former Apple Card executive Abhi Pabba and former Barclays executive Kieran Brady have been named Chief Risk Officer and Chief Financial Officer, respectively. company as X1 rolls out to the general public today. The hires are X1’s first-ever CRO and CFO and follow the company’s hyper growth trajectory. With an X1 Card transaction occurring every 5 seconds, the card has a projected annualized spend of $1 billion for 2022. It is open to the general public today, making it available for its waiting list of 600,000 people and beyond.

Prior to joining X1 as Chief Risk Officer, Abhi Pabba was Head of Credit at Apple Inc.’s Apple Card. He will be responsible for extending X1’s innovative underwriting strategy to hundreds of thousands of cardholders. Unlike other cards, X1 is not solely based on credit score. Instead, it analyzes a combination of income and credit history, which helps approve applicants who don’t have a long credit history and set credit limits of up to 5 times. higher than traditional cards.

During his time at Apple, Pabba helped make Apple Card a rapidly growing company and brought new innovations in credit strategies. At Capital One, Pabba was an analyst leading the credit function for the $3 billion credit card authorization program, where he provided one of the program’s biggest growth drivers while building a graduation strategy for underserved credit card customers.

Kieran Brady, who will join the position of chief financial officer, was until recently chief financial officer of Newport Group, where he led finance, accounting, investor relations and mergers and acquisitions. Brady led Newport’s successful growth strategy through multiple M&A transactions and ultimately the merger with Ascensus in April 2022.

Prior to Newport Group, Brady served as Chief Financial Officer at Earnest, where he was responsible for building the finance team and the operational infrastructure of the organization. Under Brady’s leadership, Earnest became the largest student loan refinancer in the United States, originating billions of dollars in loans, and was acquired by Navient in 2017.

Previously, Brady was Managing Director of Barclays Capital, where he advised and executed a wide range of transactions involving consumer and commercial businesses and founded the Barclays fintech practice in 2010. Brady began his career as an aerospace engineer before moving on to Wall Street.

“Abhi and Kieran are rare leaders who have the experience and talent to lead X1 through this growth phase,” said X1 Co-Founder Deepak Rao. “We are honored by the overwhelming interest and warm reception our card has received and are thrilled to finally make it available to all US customers.”

The hires and rollout follow X1’s $25 million Series B led by FPV Ventures, the venture capital firm founded by Google Analytics co-founder Wesley Chan. To learn more, visit x1.co.

About the X1 card

X1 Card is the smartest credit card ever. Constructed with 17g of stainless steel and laser engraving technology, X1 Card reinvents the credit card from the ground up. It harnesses the power of technology to deliver smart credit limits, an unparalleled rewards program, and automated features that will transform the way you shop and spend. The X1 card is associated with Visa Signature, which allows cardholders to use it at more than 46 million merchants around the world. The company is co-founded by Twitter alumni Deepak Rao and Siddharth Batra and backed by FPV Ventures, Spark Capital, Affirm and PayPal co-founder Max Levchin, PayPal founding COO David Sacks, Harrison Metal founder Michael Dearing, former Twitter COO Adam Bain, former chairman of American Express, co-creator of Libra and former chief product officer of Instagram, CEOs of Box, Yelp and Y Combinator Continuity, SV Angel and more. To learn more, visit x1.co.

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Source: Map X1