Meta to invest $900 million in India's CRED, taps founder to lead WhatsApp
Meta's investment is one of the largest into India's fntech sector in recent years. The valuation is higher than the $3.5 billion in CRED's previous funding round in 2025, but lower than its peak of $6.4 billion in 2022.
The deal gives Meta a minority stake in Bengaluru-based CRED without allowing it access to CRED customer data, the Indian company said.
Founded in 2018, CRED operates a members-only platform for consumers with high credit scores, through which it offers products spanning payments, lending, insurance, wealth management and lifestyle services.
The company said it serves 17 million members each month, processes more than 40% of India's credit card bill payments and manages over 240 billion rupees ($2.5 billion) of lending assets for partner financial institutions.