CRED
FintechBengaluru, India
CRED is an Indian fintech platform that rewards members for responsible financial behaviour. Its app enables credit-card bill payments, UPI transactions, credit management and access to financial products, rewards and exclusive brand offers.
Funding
CRED has raised $1.48B across 9 disclosed rounds, most recently a Series H (primary) in Jun 2026.
$1.48BRaised (money in)
Series H (primary)Latest round · Jun 2026
$4.5BValuation
11Events
Series H (primary)Jun 2026reported
$537M
InvestorsMeta (Facebook Overseas Inc)
Valuation$4.54B
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$4.5B post-money (primary and secondary combined; ~20% stake)
Jun 2026Series H$900MMeta (Facebook Overseas Inc) $4.5B post-money (primary and secondary combined; ~20% stake)
Jun 2026Series H (primary)$537MMeta (Facebook Overseas Inc) $4.54B
Jun 2026Series H (secondary)Secondary$363MMeta (Facebook Overseas Inc) $4.54B
May 2025Down round$72MGIC (via Lathe Investment) ₹354.4 Cr, QED Innovation Labs ₹162.1 Cr, RTP Global ₹74.9 Cr, Sofina ₹25.9 Cr $3.5B (down round, ~45% below 2022 peak)Entrackr / TheKredible ↗
Jun 2022Series F$140MGIC (via Lathe Investment), Tiger Global, Sofina Ventures, Alpha Wave Ventures, Dragoneer $6.4B (primary and secondary; mix not disclosed)
Oct 2021Series E$251MTiger Global, Falcon Edge Capital, Marshall Wace, Steadfast Capital, DST Global, Insight Partners, Coatue, Sofina, RTP Global, Dragoneer $4.01B
Apr 2021Series D$215MFalcon Edge Capital, Coatue, Insight Partners, DST Global, RTP Global, Tiger Global, Greenoaks, Dragoneer, Sofina $2.2B post-money
Nov 2020Series C$81MDST Global partners, Sequoia Capital India, Ribbit Capital, Tiger Global, General Catalyst, Sofina, Coatue $806M post-money
Aug 2019Series B$120MRibbit Capital, Gemini Investments, Sequoia Capital India, Tiger Global, Hillhouse Capital $450M
Apr 2019Series A$30MSequoia Capital India, Ribbit Capital
Sep 2018Seed$30MSequoia Capital India, Ribbit Capital, RTP Global
Valuation journey
Price marks from disclosed rounds — CRED has been a unicorn since Apr 2021, last reported at $4.54B (unconfirmed).
◉ Disclosed at round◌ Reported, unconfirmed
Series H (secondary) · $363MJun 2026reported
$4.54B
Step-up1.3× vs May 2025
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Investor roster
Every disclosed backer and how often they've written a cheque — repeat names are the strongest conviction signal on the cap table.
Latest leadMeta (Facebook Overseas Inc)3 rounds · since 2026
Tiger Global5 rounds · since 2019
Ribbit Capital4 rounds · since 2018
Sequoia Capital India4 rounds · since 2018
Dragoneer3 rounds · since 2021
Coatue3 rounds · since 2020
RTP Global3 rounds · since 2018
Sofina3 rounds · since 2020
DST Global2 rounds · since 2021
Falcon Edge Capital2 rounds · since 2021
Insight Partners2 rounds · since 2021
GIC (via Lathe Investment) ₹354.4 Cr1 round · 2025
QED Innovation Labs ₹162.1 Cr1 round · 2025
RTP Global ₹74.9 Cr1 round · 2025
Sofina ₹25.9 Cr1 round · 2025
Alpha Wave Ventures1 round · 2022
GIC (via Lathe Investment)1 round · 2022
Sofina Ventures1 round · 2022
Aggregated automatically from the disclosed rounds above.
Financials
Revenue and profit after tax as filed with the Registrar of Companies.
FY25Revenuereported
₹2,735 Cr
PAT₹1,457 Cr loss
Basisconsolidated
SourceEntrackr ↗
Company press release, not yet RoC-verified. Operating loss ₹298 Cr (down 51%); gross margin ~70%; TPV ₹8.5 lakh Cr; targets full profitability in FY26
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₹ figures as filed, not restated
Leadership
The CRED journey
2018 · founded
Founded in Bengaluru by Miten Sampat, Kunal Shah.
Sep 2018 · funding
Seed — $30M, led by Sequoia Capital India.
Apr 2019 · funding
Series A — $30M, led by Sequoia Capital India.
Aug 2019 · funding
Series B — $120M at $450M, led by Ribbit Capital.
Nov 2020 · funding
Series C — $81M at $806M post-money, led by DST Global partners.
Apr 2021 · funding
Series D — $215M at $2.2B post-money, led by Falcon Edge Capital.
Oct 2021 · funding
Series E — $251M at $4.01B, led by Tiger Global.
Jun 2022 · funding
Series F — $140M, led by GIC (via Lathe Investment).
May 2025 · funding
Down round — $72M, led by GIC (via Lathe Investment) ₹354.4 Cr.
Jun 2026 · funding
Series H (primary) — $537M at $4.54B, led by Meta (Facebook Overseas Inc).
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What is CRED?
CRED is an Indian fintech platform that rewards members for responsible financial behaviour. Its app enables credit-card bill payments, UPI transactions, credit management and access to financial products, rewards and exclusive brand offers.
Who founded CRED?
CRED's founders and leadership on record at StartupFox are Miten Sampat and Kunal Shah.
How much funding has CRED raised?
CRED has raised $1.48B across 9 disclosed rounds. The most recent was a $537M Series H (primary) in Jun 2026.
Who are CRED's investors?
Disclosed investors in CRED include Meta (Facebook Overseas Inc), GIC (via Lathe Investment) ₹354.4 Cr, QED Innovation Labs ₹162.1 Cr, RTP Global ₹74.9 Cr, Sofina ₹25.9 Cr, GIC (via Lathe Investment), Tiger Global, Sofina Ventures, Alpha Wave Ventures, Dragoneer, Falcon Edge Capital, Marshall Wace.
What is CRED's valuation?
CRED was last reported at $4.5B post-money (primary and secondary combined; ~20% stake), at the time of its Series H in Jun 2026.
Is CRED profitable?
Per its FY25 consolidated filing, CRED reported ₹2,735 Cr in revenue, with a ₹1,457 Cr loss.
What is the latest news on CRED?
The most recent StartupFox coverage is “Meta Invests $900 Million in CRED as Kunal Shah Becomes Global Head of WhatsApp” (22 June 2026). All stories are listed on this page.
Sources & updates
This profile is compiled by the StartupFox desk from company announcements, regulatory and exchange filings (RoC/MCA, NSE/BSE) and our own reporting. 1 of 11 funding rounds link to a named source.
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