Meta to invest $900m in Indian fintech Cred
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CRED will raise ₹8,550 crore (~US $900M) in its Series H round led by Meta, as part of its acceleration plans.
Newspoint on MSN
CRED raises $900 mn in round led by Meta
Fintech unicorn CRED has raised $900 Mn (about ₹8,550 Cr) in a Series H funding round led by Meta. The investment comprises both primary and secondary capital, making it one of the largest investments by the social media giant in an Indian startup.
Shah will step away from his executive responsibilities at CRED and join Meta’s global leadership team, while holding his personal stake in the fintech company
Asianet Newsable on MSN
CRED to raise Rs 8,550 crore in Series H funding round led by Meta
Fintech platform CRED to raise Rs 8,550 crore (USD 900 million) in its Series H funding round led by Meta. The deal values CRED at USD 4.5 billion. Founder Kunal Shah will step down as CEO, with Miten Sampat taking over as interim CEO.
