CRED Raises $900M in Funding
CRED raises $900 million in a growth capital round led by Meta to expand its fintech and digital payments ecosystem in India.
CRED Raises $900M in Funding
CRED, a Bengaluru-based fintech company that operates a financial services platform, has secured a $900 million investment from Meta. The funding comes as part of a strategic development that also sees CRED founder Kunal Shah appointed as the new global head of WhatsApp.
Investors
Meta
CRED Use of Funds
CRED plans to utilize the capital to deepen its presence in India's digital payments and fintech ecosystem and support its expansion into broader financial services including lending, merchant solutions, and consumer financial products.
About CRED
Founded in 2018 by Kunal Shah, CRED is a fintech company that evolved from a credit card payments platform into a comprehensive financial services ecosystem. Its platform offers tools for payments, credit, and various consumer financial services.
Funding Details
Company Website: https://cred.club
Company: CRED
Raised: $900M
Round: Growth Capital
Funding Date: June 22, 2026
Lead Investor: Meta
Software Category: Fintech
Source: https://www.storyboard18.com/brand-makers/meta-invests-900-million-in-cred-names-kunal-shah-as-next-whatsapp-chief-101997.htm
