Startup Titans of India: Decoding the Record of High-Net Worth & Net Value
CRED
Key Management: Kunal Shah, Founder
Net Worth: $4 billion
Competitors: CheQ, Wizi, UdharPay, and Walnut
Founded in 2018, Cred is Bengaluru-based fintech startup that acts as a premium credit card management platform permitting the users to operate & manage their payable bills, multiple credit cards & receive rewards. Through the official Cred app, members with high CRIF score & high Experian score can opt for exclusive rewards on their credit card bill payments. The app is build up with high-tech features for users along with credit calculators such as tracking analysis for credit card expenses. CRED protect with AI-enabled system & tracks the usage & efficiency of credit card.
Over 10 rounds of funding, Cred has raised $1.07 billion & the latest funding round held on June 3, 2022, in which the company bagged $140 million from key investors such as Tiger Global Management, Alpha Wave Global, Lathe Investment, DF International Partners, SF Roofdeck Capital, Rise Global Capital, and so on.
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