Meta-led $900M round values CRED at $4.5B, takes ~20% stake in Kunal Shah's fintech
CRED closed a $900 million Series H led by Meta at a $4.5 billion valuation, handing the WhatsApp parent roughly 20% of the cap table. The app now processes 40% of India's credit card bill payments with 17M MAU and ₹24,000 crore in lending assets, targeting FY26 profitability after FY25 losses of ₹1,457 crore.
CRED raised $900 million Series H led by Meta at $4.5 billion valuation, giving Meta ~20% stake. Founder Kunal Shah continues leading the fintech, which processes 40% of India's credit card bill payments and is eyeing FY26 profitability.