X.com was an online bank that later became the company that supports what feature?
X.com X.com was an online bank started by Elon Musk in November, 1999 that later became PayPal. It was one of the world's first online banks. Its deposits were insured with FDIC. It had a partnership with Barclays. It was initially funded by Musk and his business mentor Greg Kouri, who went on to fund Musk's later startups Tesla and SpaceX.
Non-bank subsidiary Non-bank subsidiaries, are firms owned by bank holding companies which offer non-bank products and services, such as insurance and investment advice, and do not offer Federal Deposit Insurance Corporation insured banking products, such as checking and savings accounts. Such companies customarily use the term "banc" to define themselves—denoting that while being associated with a bank or holding company, they do not offer bank services.