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CRED

investment firm

About

CRED is a fintech startup that offers rewards for customers who use its platform to pay their credit card bills.

Details

Last Funding Type
Series C
Last Funding Money Raised
$81M
Industries
Credit Cards,Financial Services,FinTech,Payments
Founded date
Jan 1, 2018
Operating Status
Active
Legal Name
Dreamplug Technologies Private Limited

CRED is a members-only credit card management and bill payments platform that rewards users every time they pay their credit card bills.

The fintech startup operates an app that rewards customers for paying their credit card bills on time and gives them access to a range of additional services such as credit and a premium catalog of products from high-end brands. Customers are offered a range of features which include the ability to better track spending across various credit cards, and get reminders. Cred is backed by investors such as Falcon Edge Capital, Coatue Management, Insight Partners, DST Global, RTP Global, Tiger Global, Greenoaks Capital, Dragoneer Investment Group, and Sofina.

It was established in Bengaluru, Karnataka by Kunal Shah in 2017.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
9
$482M ₹23.72B
CRED has raised a total of $482M ₹23.72B in funding over 2 rounds. Their latest funding was raised on Jun 9, 2022 from a Series F round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jun 9, 2022 Series F ₹6.17B 5 GIC Detail
Oct 19, 2021 Series E $251M 10 Alpha Wave Global
Tiger Global Management
Detail
Apr 6, 2021 Series D ₹15.78B 9 Alpha Wave Global
Coatue
Detail
Jan 1, 2021 Secondary Market 1 Detail
Nov 30, 2020 Series C $81M 8 DST Global Detail

Investments

Number of Investments
Number of Lead Investments
9
1
CRED has made 9 investments. Their most recent investment was on Sep 19, 2022, when LiquiLoans raised $10M.
Date Company Name
Round Money Raised Industry Lead Investor
Sep 19, 2022 LiquiLoans
Series Unknown $10M Financial Services Yes
Sep 29, 2021 Yubi
Series A ₹6.67B Finance
May 9, 2019 EasyKnock
Series A $12M Financial Services
Apr 17, 2019 Super
Series B $20M Home Services
Jan 24, 2019 Porch Group
Series Unknown Home Improvement

Investors

Number of Lead Investors
Number of Investors
11
34
CRED is funded by 34 investors. GIC and Gemini Investments are the most recent investors.
Investor Name Lead Investor Funding Round
GIC Yes Series F
Gemini Investments Yes Series B
Rainmatter Technology Yes Seed
Alpha Wave Global Series F
DF International Partners Series F
Sofina Series F
Tiger Global Management Series F
Coatue Series E
Dragoneer Investment Group Series E
DST Global Series E

Employee Profiles

Number of Employee Profiles
15
CRED has 15 current employee profiles, including Executive Kunal Shah
Executive
Board member
Employee
Employee
Executive

Acquisition

CRED has acquired 3 organizations. Their most recent acquisition was HipBar on Oct 21, 2021. They acquired HipBar for 0.

Date Company Name
Industry Acquisition Type Price
Oct 21, 2021 HipBar
Food and Beverage acquisition Detail
Dec 1, 2021 Happay
Financial Services acquisition $ 180M Detail
Nov 29, 2022 CreditVidya
Credit Detail