Kunal Shah exits Cred to lead WhatsApp globally; Meta pumps $900M into fintech at $4.5B valuation

Cred founder Kunal Shah is moving to Meta as global head of WhatsApp, handing the Indian payments platform to Miten Sampat. Meta is simultaneously investing nearly $900 million (Rs 8,550 crore) in Cred at a $4.5 billion valuation, up from $4 billion prior.

— Filed Tue, 23 Jun, 2026, 07:19 IST · Source Moneycontrol · News Web · Updated

Meta is investing ~$900 million in Indian fintech Cred at a $4.5 billion valuation, while founder Kunal Shah moves to become global head of WhatsApp. Miten Sampat will lead Cred going forward, succeeding Shah at the payments platform.

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