Cred nears 10M biometric UPI users as Meta eyes stake at $4B valuation

Cred's biometric UPI authentication, launched in March, is approaching 10 million users as the fintech pushes beyond credit-card bills. FY25 revenue rose 16% to ₹2,735 crore while losses narrowed 51% to ₹298 crore. Meta is reportedly in talks to invest at a $4 billion valuation.

— Filed Fri, 19 Jun, 2026, 21:30 IST · Source Mint · Updated

Cred nears 10 million users on biometric UPI authentication launched in March, as it expands payments beyond credit-card bills. FY25 revenue rose 16% to ₹2,735 crore; Meta reportedly in talks to invest at $4 billion valuation.

Also reported by