Indian fintech firm CRED valued at $4 bln in new funding round
The Hindu
CRED allows users to pay their credit card bills through its online platform and rewards them with offers from various brands and companies.
India’s CRED said on Tuesday it had raised $251 million in a new funding round led by existing investors and private equity firms Tiger Global and Falcon edge, valuing the fintech company at $4.01 billion.
“Two new investors - Marshall Wace and Steadfast - joined the cap table. DST Global, Insight Partners, Coatue, Sofina, RTP and Dragoneer increased their investments in CRED with this round,” a CRED spokesperson said in an emailed statement.
Founded in 2018, CRED allows users to pay their credit card bills through its online platform and rewards them with offers from various brands and companies such as Puma and Samsung.