Meta in talks to back CRED at $4 Bn valuation, eyeing India UPI play

Meta is reportedly negotiating an investment or acquisition of CRED at a $4 Bn valuation, down from $6.4 Bn in 2022 but above its $3.5 Bn 2025 mark. The deal would deepen Meta's India payments push against PhonePe and Google Pay, leveraging WhatsApp's reach across UPI's 157 Cr+ monthly transactions.

— Filed Fri, 19 Jun, 2026, 18:06 IST · Source Inc42 · Buzz · Updated

Meta is reportedly in talks to invest in or acquire fintech super app CRED at a $4 Bn valuation, aiming to deepen its India payments and commerce play within the UPI ecosystem dominated by PhonePe and Google Pay.

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