Cred raised $900 million (₹8,550 crore) in a Series H funding round led by Meta, valuing the Indian fintech company at $4.5 billion post-money, according to inc42.com. The round marks a significant capital infusion for the startup in June, coinciding with the appointment of Cred founder Kunal Shah as Meta's global head of WhatsApp.
The funding round was led by Meta, with Cred securing the investment to expand its operations and product offerings. This development comes amid other major fintech moves in India, including Razorpay’s confidential draft IPO filing targeting ₹5,000-6,000 crore and Navi’s talks to raise $250-300 million to bolster its lending portfolio. Cred’s founder Kunal Shah’s new role at Meta highlights the growing synergy between Indian fintech and global tech giants, as reported by inc42.com.
Cred’s $900 million raise underscores the growing investor interest in India’s fintech sector, which has seen multiple large deals this month. The company’s valuation at $4.5 billion places it among the top fintech startups in the country. This funding round follows a series of fintech IPOs and regulatory changes, including Turtlemint’s ₹882.67 crore public issue and RBI’s initiatives to enhance digital transaction security. The sector is navigating evolving compliance requirements while attracting substantial capital, according to inc42.com.
Cred’s Series H funding round led by Meta was announced in June, with the company now valued at $4.5 billion post-money, according to inc42.com. Kunal Shah’s appointment as Meta’s global head of WhatsApp was also confirmed this month, marking a notable leadership transition within the Indian fintech ecosystem.