Kunal Shah to lead WhatsApp globally as Meta takes 20% stake in Cred at $4.5B

Meta's $900M investment values Cred at $4.5B post-money while founder Kunal Shah moves to head WhatsApp globally. The tie-up reshapes India's UPI battleground, pitting Cred's 17M monthly users and ₹24,000 crore AUM against WhatsApp Pay's 3.3B-strong base versus PhonePe and Google Pay.

— Filed Mon, 22 Jun, 2026, 20:56 IST · Source Mint · Updated

Meta invests $900M in Cred at $4.5B valuation for ~20% stake; founder Kunal Shah becomes global head of WhatsApp, intensifying UPI payments competition between Cred and WhatsApp Pay in India.

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