Fintech Startup CRED Expenses Increase 492% In FY20
CRED, a fintech startup, posted operating revenue of just 52 lakh in the fiscal year ended March 31, 2020. The startup also generated Rs 17.56 Cr income from interest on fixed deposits and current investments, making CRED’s total income for the year to a little over INR 18 Cr. This […]
Kunal Shah Led ‘CRED’ Raises $80 Million In Series C Funding Round
CRED, a credit card bill payment app, has raised $80 million in a Series C funding round. The funding round was led by DST Global, along with Ribbit Capital, Sequoia Capital, and Tiger Global, valuing the startup at $800 million. The news was first reported by TechCrunch, citing a source […]