Meta invests 900 million dollars in Indian fintech CRED
Meta Platforms is investing 900 million dollars in Indian fintech startup CRED at a 4.5 billion dollar valuation. CRED founder Kunal Shah will move to lead WhatsApp globally as the messaging platform expands its payments and business services in its largest market.
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META PLATFORMS INC-CLASS A will invest $900 million in India fintech startup CRED, valuing the firm at $4.5 billion. Meta also appointed CRED founder Kunal Shah to lead WhatsApp globally as the platform pivots toward financial services. The deal secures Meta a minority stake in one of the most active digital payment ecosystems in the world.
