CRED is a Bengaluru-based Indian Fintech company founded by Kunal Shah in 2018. The company focuses on reward-based credit card payments, house rent payments, and short-term credit lines.
As of April 2021, CRED offers five distinctive products – CRED Cash, CRED Store, CRED RentPay, CRED Travel Store, and CRED Pay.
The company benefits users via CRED coins and gems which can be easily used at movie theatres, shopping malls, e-commerce sites, etc.
|Legal Name||Dream plug Technologies Pvt. Ltd.|
|Business Model||B2B and B2C|
|Industries||Credit cards, Financial services, FinTech, Payments and Personal finance|
|No. of employees||767 (+4 per cent)|
|Kunal Shah – Founder and CEO|
|Hriday Bradoo – Product Manager|
|Kanhaiya Agarwal – Engineering Leader|
|Himanshu Kumar Das – Information security and compliance head|
|Tejas Balasubramanya – Product Analytics|
|Trupthi Shetty – Product and Marketing|
|Abhay Pruthi – Business and Product|
|Market valuation||$2.2 billion as of October 2021|
|Total Funding||$551.4 million|
|Net revenue||Rs 108 crore for FY21|
CRED Investors – Sequoia Capital, DST Global, General Catalyst, Coatue Management, Dragoneer Investment Group, Tiger Global Management, Ribbit Capital, Sofina, Tiger Global, Hillhouse Capital Group, Greenoaks Capital, Falcon Edge Capital, Sriram Krishnan, ru-Net, Jitendra Gupta, Haresh Chawla, Mukesh Bansal, Amit Mital, Akshay Kothari, Sequoia Capital India, Amrish Rau, RTP Global, Insight Partners, Sriharsha Majety, Rainmatter Capital, Nithin Kamath, Nami Zarringhalam, Gemini Investments, Alan Mamedi
CRED Acquisitions – Happay and HipBar
Supported card types – VISA, MasterCard, American Express and RuPay
CRED Calculators – SIP, EMI, PPF, Home loan, Car loan, Fixed deposit, Recurring deposit, Simple loan and Compound interest
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