CRED taps Miten Sampat as interim CEO as Kunal Shah exits for Meta; $900M minority round lands

Founder Kunal Shah departs to run WhatsApp globally at Meta, which is taking a $900M minority stake in CRED ahead of an eventual IPO. Miten Sampat steps in as interim CEO of the 17M-member platform that processes $100B in TPV.

— Filed Mon, 22 Jun, 2026, 23:00 IST · Source Mint · Companies · Updated

CRED names Miten Sampat as interim CEO after founder Kunal Shah departs to lead WhatsApp globally at Meta, which is making a $900M minority investment in the Indian fintech ahead of an eventual IPO.