Kunal Shah exits Cred CEO seat for WhatsApp global head role as Meta takes 20% stake
Meta is investing $900M for a 20% stake in Cred at a $4.5B valuation, with founder Kunal Shah moving to lead WhatsApp globally. Miten Sampat steps in as interim CEO ahead of a planned IPO, even as Cred posted a ₹1,457 crore loss on ₹2,735 crore revenue in FY25.
Cred founder Kunal Shah is leaving the fintech to become global head of WhatsApp at Meta, which is investing $900 million for a 20% stake valuing Cred at $4.5 billion. Miten Sampat takes over as interim CEO ahead of IPO.
Why this matters
Cred's leadership reset comes alongside its largest-ever funding round, recasting the fintech as a Meta-backed IPO candidate while founder Shah pivots to a global Meta role.
Leadership signals holding steady with 348 tracked moves across the sector in the past 90 days.