Meta in early talks to back Kunal Shah's Cred in strategic India fintech bet
Meta is reportedly in preliminary discussions to invest in Cred, potentially one of its largest strategic plays in Indian fintech. Cred is scaling beyond payments into lending, wealth management and commerce aimed at high-credit-score consumers.
Meta is in early talks to invest in Indian fintech Cred, founded by Kunal Shah, potentially marking one of its largest strategic bets in India's fintech space. Cred is expanding into lending, wealth and commerce for high-credit consumers.
Why this matters
Talks follow reports of Meta committing ~Rs 8,550 cr ($900M) to Cred at a $4.5B valuation, with Kunal Shah exiting to lead WhatsApp globally and Miten Sampat stepping in as interim CEO.
Retail-company signals steady at 3,462 over the past 90 days.
Also reported by
- Moneycontrol · Results — 1h after first sighting
- Moneycontrol · Results — 1h after first sighting