Fintech Company CRED Raises $251m in Series E funding
Source: Fanny
Fazzaco learned that India-based fintech company CRED has raised $251 million in Series E funding round, boosting its valuation to more than $4 billion.
The latest funding round was led by Tiger Global and Falcon Edge Capital, with participation from Marshall Wace and Steadfast as well as DST Global, Insight Partners, Coatue and Dragoneer, among others. The fintech has not disclosed where the new cash will be spent.
Founded in 2017 by Kunal Shah, CRED aims to help people improve their credit score by incentivising members to pay their credit card bills on time. Members who pay their bills on time are rewarded with access to premium brands on the platform. By 2021, the company had onboarded over 7.5 million users.
Subscribe Now
