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About Cred
Industries
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
Series F
Total Funding
$1.1B
Headquarters
Bengaluru, India
Founded
2018
Overview
CRED.club provides a platform for managing credit card payments and tracking credit scores, primarily targeting credit card users. Users can pay their credit card bills through the platform and earn CRED coins for timely payments. These coins can be used for games, raffles, or to access exclusive rewards in the CRED Store, promoting on-time bill payments and improving users' credit scores. CRED Protect offers users insights into their spending, detects hidden charges, and tracks credit limits, helping them manage their finances better. Additionally, CRED RentPay allows users to pay rent with their credit cards, earning more rewards and enjoying a credit-free period of up to 45 days. CRED.club differentiates itself by combining credit card management with a rewards system and financial insights, aiming to enhance users' financial health.
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Simplify's Take
What believers are saying
- CRED's focus on AI-driven solutions enhances credit score tracking and financial advice.
- Tokenization in CRED's payment systems improves security and user experience.
- CRED's unique hiring policy promotes financial responsibility and attracts savvy employees.
What critics are saying
- Increased competition from Flipkart's Super.money app affects CRED's market position.
- Down round funding signals investor concerns about CRED's growth prospects.
- CRED's hiring policy may limit its talent pool, affecting candidate diversity.
What makes Cred unique
- CRED rewards users for timely credit card bill payments, enhancing financial responsibility.
- CRED Protect offers detailed spending analysis and real-time credit limit tracking.
- CRED RentPay allows rent payments via credit card, earning users additional rewards.
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Funding
Total Funding
$1068.4M
Above
Industry Average
Funded Over
9 Rounds
Tiger Global
Coatue Management
Insight Partners
General CatalystBenefits
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Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↓ -1%Indian fintech unicorn Cred is planning to raise between $100 million and $200 million in a new funding round, with a post-money valuation of $4 billion, down from $6.4 billion in 2022. The funding aims to support Cred's growth plans, focusing on profitability and a potential IPO within the next two years.
CRED is seeking to raise $100-200 million in a down round, valuing the company at $4 billion. Previously, CRED raised $140 million in its Series F funding round led by GIC in 2022, which valued the fintech startup at $6.4 billion. The company, led by Kunal Shah, is planning to launch an IPO within the next two years.
CRED has unveiled the CRED Rabbit Hole Challenge, a high-stakes AI hackathon designed to push the boundaries of innovation.
Flipkart's Super.money pushes CRED out of top 5 UPI app in feb.
Meanwhile, on February 25, CRED launched Svalbard, a suite of credit-focused features designed to help users monitor and improve their credit scores.
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About Cred
Industries
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
Series F
Total Funding
$1.1B
Headquarters
Bengaluru, India
Founded
2018
Cred is Hiring for 4 Jobs on Simplify!
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Cred