Business

CRED – Indian FinTech company

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.
Headquarters	Bengaluru, Karnataka
Founding Year	2018
Business Model	B2B and B2C
Industries	Credit cards, Financial services, FinTech, Payments and Personal finance
Website URL	www.cred.club
No. of employees	767 (+4 per cent)

Core Team
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
Hub tags	Unicorn

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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Rohan Malhotra

'Sometimes, motivation is the only push we need. And someone's story might be the one for us.' He works with a travel company. He is an avid reader of biographies & has written over 150 blogs on topics like travelling, biographies & many other.