Cred

Cred

Credit card management and rewards platform

About Cred

Simplify's Rating
Why Cred is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

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.

Simplify Jobs

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

Series F funding comparison data is currently unavailable. We're working to provide this information soon!
Series F Funding Comparison
Coming Soon

Benefits

Kill deadlines, not your appetite

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Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-1%
Nestia
Apr 14th, 2025
Cred to Raise $200M at $4B Valuation

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.

Inc42
Apr 14th, 2025
CRED Seeks $100-200M at $4B Valuation

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.

CIOL
Mar 20th, 2025
CRED Rabbit Hole Challenge: A ₹50 Lakh Opportunity for AI Engineers

CRED has unveiled the CRED Rabbit Hole Challenge, a high-stakes AI hackathon designed to push the boundaries of innovation.

Entrackr
Mar 13th, 2025
Flipkart's Super.money pushes CRED out of top 5 UPI app in Feb

Flipkart's Super.money pushes CRED out of top 5 UPI app in feb.

Good Returns
Feb 27th, 2025
CRED's Unique Hiring Policy: Why 750+ Credit Score Is A Job Requirement?

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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