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

Late Stage VC

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.

đź’µ
Funded Recently
Simplify Jobs

Simplify's Take

What believers are saying

  • CRED's focus on sustainability aligns with the fintech industry's profitability trend.
  • Growing demand for seamless financial management tools supports CRED's multi-platform approach.
  • CRED's expansion in digital payment solutions taps into emerging market opportunities.

What critics are saying

  • Increased competition from new fintech startups may dilute CRED's market share.
  • CRED's valuation drop could impact investor confidence and future funding rounds.
  • Potential regulatory changes in India's fintech sector may increase compliance costs for CRED.

What makes Cred unique

  • CRED offers a unique rewards system for timely credit card bill payments.
  • CRED Protect provides detailed spending analysis and real-time credit limit tracking.
  • CRED RentPay allows rent payments via credit card, earning users additional rewards.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$1140.4M

Above

Industry Average

Funded Over

9 Rounds

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

Benefits

Kill deadlines, not your appetite

We have your back... and your health

Remember, you can't respawn in real life

What einstein said about time

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↓ -1%
Caproasia
Jun 10th, 2025
Cred Raises $72M at $3.5B Valuation

India's fintech platform Cred raised $72 million in funding at a $3.5 billion valuation, down from a $6.4 billion valuation in 2022. Founded in 2018 by Kunal Shah, Cred's investors include Sequoia Capital, RTP Ventures, Ribbit Capital, DST Global, Tiger Global Management, Coatue, Insight Partners, Marshall Wace, and Singapore GIC.

Medial
Jun 10th, 2025
Cred raises ₹617 cr, valuation drops

Cred, a fintech unicorn, has raised ₹617 crore in new funding, but its valuation has decreased by 45% from $6.4 billion to $3.5 billion. This decline reflects a shift in investor focus towards profitability and sustainability. Cred intends to use the funds to expand its fintech offerings and enhance user engagement, moving from rapid scaling to a more sustainable, revenue-driven growth strategy.

The Economic Times
Jun 10th, 2025
Cred raises fresh funds from GIC, others; valuation cut by 45% to $3.5 billion

The fintech major was valued at $6.4 billion in 2022 during its last major fund infusion. The current fund infusion is in the form of primary capital, which means that existing investors have not sold any shares in this round. The drop in valuation was in line with the company's plans to list in India over the next two years, people in the know said.

De Tijd
Jun 10th, 2025
Sofina invests $72M in Cred

Sofina has invested additional funds in the Indian fintech unicorn Cred, a platform for managing credit card payments. This investment is part of a funding round totaling $72 million (€63 million).

Silicon India
Jun 10th, 2025
Cred Valuation Cut to $3.5B After $72M Raise

Cred's valuation has been reduced to $3.5 billion following a $72 million funding round.

Recently Posted Jobs

Sign up to get curated job recommendations

Cred is Hiring for 7 Jobs on Simplify!

Find jobs on Simplify and start your career today

đź’ˇ
We update Cred's jobs every few hours, so check again soon! Browse all jobs →