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.

2StartupFox stories

2018Founded

FintechSector

Jun 2026Latest coverage

Funding

CRED has raised $2.38B across 10 disclosed rounds.

$2.38BRaised (money in)

$900MLatest round

$4.5BValuation

11Events

RoundJun 2026reported

$537M

InvestorsMeta (Facebook Overseas Inc)

Valuation$4.54B

Tap any bar to see that round

$4.5B post-money (primary and secondary combined; ~20% stake)

Jun 2026Round$900MMeta (Facebook Overseas Inc) $4.5B post-money (primary and secondary combined; ~20% stake)

Jun 2026Round$537MMeta (Facebook Overseas Inc) $4.54B

Jun 2026Secondary$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 2022Round$140MGIC (via Lathe Investment), Tiger Global, Sofina Ventures, Alpha Wave Ventures, Dragoneer $6.4B (primary and secondary; mix not disclosed)

Oct 2021Round$251MTiger Global, Falcon Edge Capital, Marshall Wace, Steadfast Capital, DST Global, Insight Partners, Coatue, Sofina, RTP Global, Dragoneer $4.01B

Apr 2021Round$215MFalcon Edge Capital, Coatue, Insight Partners, DST Global, RTP Global, Tiger Global, Greenoaks, Dragoneer, Sofina $2.2B post-money

Nov 2020Round$81MDST Global partners, Sequoia Capital India, Ribbit Capital, Tiger Global, General Catalyst, Sofina, Coatue $806M post-money

Aug 2019Round$120MRibbit Capital, Gemini Investments, Sequoia Capital India, Tiger Global, Hillhouse Capital $450M

Apr 2019Round$30MSequoia Capital India, Ribbit Capital

Sep 2018Round$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

Round · $363MJun 2026reported

$4.54B

Step-up1.3× vs May 2025

Tap any mark to see that valuation

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

Tap any bar to see that year

₹ figures as filed, not restated

Leadership

KSKunal ShahFounder · CEO

The CRED journey

2018 · founded

Founded in Bengaluru by Miten Sampat, Kunal Shah.

Sep 2018 · funding

Round — $30M, led by Sequoia Capital India.

Apr 2019 · funding

Round — $30M, led by Sequoia Capital India.

Aug 2019 · funding

Round — $120M at $450M, led by Ribbit Capital.

Nov 2020 · funding

Round — $81M at $806M post-money, led by DST Global partners.

Apr 2021 · funding

Round — $215M at $2.2B post-money, led by Falcon Edge Capital.

Oct 2021 · funding

Round — $251M at $4.01B, led by Tiger Global.

Jun 2022 · funding

Round — $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

Round — $900M, led by Meta (Facebook Overseas Inc).

Jun 2026 · funding

Round — $537M at $4.54B, led by Meta (Facebook Overseas Inc).

The rest of CRED's profile is free

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Latest on CRED

Funding

Meta Invests $900 Million in CRED as Kunal Shah Becomes Global Head of WhatsApp

22 JUN 2026 · 5 MIN READ

Lite Updates

Meta Reportedly in Talks to Invest in CRED at $4 Billion Valuation

19 JUN 2026 · 4 MIN READ

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Frequently Asked

What is CRED?

Who founded CRED?

CRED is associated with Miten Sampat, Kunal Shah.

How much funding has CRED raised?

CRED has raised $2.38B across 10 disclosed rounds. The most recent was a $900M round 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 round 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.