Cred lands $900M from Meta at $4B as founder Kunal Shah exits for WhatsApp
Cred raised $900 million (₹8,550 crore) led by Meta at a $4.03 billion valuation, even as founder Kunal Shah departed to lead WhatsApp globally. Miten Sampat steps in as interim CEO with an IPO mandate. The fintech processes 40% of India's credit card bill payments, runs ₹24,000 crore AUM and 1.7 crore MAU.
Cred raised $900 million from Meta at a $4 billion valuation as founder Kunal Shah exited to lead WhatsApp globally; Miten Sampat takes over as interim CEO with an IPO as the stated goal.