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Total amount raised
$1.5 Billion
Latest funding date
2026-06-22
Location
CRED has raised funds through 9 different funding rounds, with the latest being a Series H round led by Meta Platforms in June 2026 at a valuation of about $4.5 billion. The platform is backed by 37 investors, including Meta Platforms, GIC and Sofina.
As a members-only club, CRED rewards financially trustworthy individuals with exclusive perks and privileges. Keep reading to explore the intricacies of CRED's fundraising journey and the investors backing this innovative platform.
CRED, the Bengaluru-based fintech unicorn founded by Kunal Shah, has raised approximately $1.47 billion in disclosed primary funding across nine rounds from some of the world's leading venture capital firms, sovereign wealth funds and, most recently, Meta Platforms.
Keep reading to explore CRED's full fundraising journey, key investors, and what's next for the company.
What Is CRED?
CRED is a members-only financial platform founded in 2018 by serial entrepreneur Kunal Shah. It is designed exclusively for high-credit-score individuals (750+) and rewards users for responsible financial behaviour, particularly for paying credit card bills on time. Beyond bill payments, CRED has expanded into personal loans (CRED Cash), buy-now-pay-later services, e-commerce (CRED Store), and travel. Headquartered in Bengaluru, India, CRED operates under its parent entity Dreamplug Technologies and serves millions of premium users across India. In June 2026, Kunal Shah stepped down as CEO to become global CEO of WhatsApp at Meta, and Miten Sampat was named interim CEO of CRED.
How Much Funding Has CRED Raised?
CRED has raised approximately $1.47 billion across disclosed primary funding rounds. Here is a breakdown of each round:
- Seed Round
- Amount Raised: $30,000,000
- Date: November 2018
- Lead Investors: Sequoia Capital India (Peak XV Partners)
- Other Participants: RTP Global and others
- Series A
- Amount Raised: ~$25,000,000
- Date: April 2019
- Lead Investors: Sequoia Capital India, Ribbit Capital, RTP Global
- Other Participants: Multiple angel investors and institutional investors
- Series B
- Amount Raised: $120,000,000
- Date: August 2019
- Lead Investors: Sequoia Capital India (Peak XV Partners), Ribbit Capital, Gemini Investments (DST Global)
- Other Participants: Tiger Global, Hillhouse Capital, General Catalyst, Greenoaks Capital, Dragoneer Investment Group
- Valuation: ~$450 million
- Series C
- Amount Raised: $80,000,000
- Date: November 30, 2020
- Lead Investors: DST Global
- Other Participants: Sequoia Capital India, Ribbit Capital, Tiger Global, Coatue Management, Sofina
- Valuation: ~$800 million
- Series D
- Amount Raised: $215,000,000
- Date: April 6, 2021
- Lead Investors: Falcon Edge Capital, Coatue Management
- Other Participants: Insight Partners, DST Global, RTP Global, Tiger Global, Greenoaks Capital, Dragoneer Investment Group, Sofina
- Valuation: ~$2.2 billion (unicorn status achieved)
- Series E
- Amount Raised: $251,000,000
- Date: October 18, 2021
- Lead Investors: Tiger Global Management, Falcon Edge Capital
- Other Participants: Marshall Wace, DST Global, Insight Partners, Coatue Management, Sofina, RTP Global, Dragoneer Investment Group, Steadfast Capital
- Valuation: ~$4.01 billion
- Series F
- Amount Raised: $140,000,000
- Date: June 9, 2022
- Lead Investors: GIC (via Lathe Investment)
- Other Participants: Tiger Global, Sofina Ventures, Alpha Wave Ventures, Dragoneer Investment Group
- Valuation: ~$6.4 billion
- Series G
- Amount Raised: $72,000,000 (Rs 617 crore)
- Date: June 9, 2025
- Lead Investors: GIC (via Lathe Investment, contributed ~$41 million)
- Other Participants: RTP Global (~$8.75M), Sofina Ventures (~$3M), QED Innovation Labs / Kunal Shah family office (~$19M)
- Valuation: ~$3.64 billion (a down round from the $6.4 billion 2022 valuation)
- Series H
- Amount Raised: $900,000,000 total, comprising approximately $537,000,000 (Rs 5,107 crore) of primary Series H capital and secondary share purchases
- Date: June 22, 2026
- Lead Investors: Meta Platforms
- Other Participants: Not publicly disclosed
- Valuation: ~$4.5 billion post-money (Rs 43,129 crore)
Total Amount Raised: Approximately $1.47 billion across disclosed primary funding rounds, excluding the secondary share purchases that formed part of the 2026 Meta transaction. As of September 2026, the company's latest disclosed round is its June 2026 Series H.
Key Investors
- Meta Platforms
- Details: Led the $900 million Series H transaction announced on June 22, 2026, becoming a minority shareholder with an 11.84% stake through the primary issuance at a valuation of about $4.5 billion. The investment does not give Meta access to CRED customer data, and the deal included a $112 million ESOP pool expansion.
- GIC (via Lathe Investment)
- Details: Singapore's sovereign wealth fund. Lead investor in both the Series F ($140M, June 2022) and Series G ($72M, June 2025) rounds. In Series G, GIC contributed approximately $41 million (Rs 354.4 crore), the largest single investor in the round.
- Peak XV Partners (formerly Sequoia Capital India)
- Details: Led CRED's Seed round in 2018 and co-led Series B in 2019. One of CRED's earliest and most prominent institutional backers.
- Ribbit Capital
- Details: Fintech-focused VC that co-led the Series B round alongside Peak XV Partners and Gemini Investments. Continued participation in subsequent rounds.
- Tiger Global Management
- Details: Participated from Series B onwards and co-led the Series E round alongside Falcon Edge Capital in 2021.
- Coatue Management
- Details: Co-led the Series D round in 2021 alongside Falcon Edge Capital, helping CRED achieve unicorn status at a $2.2 billion valuation.
- DST Global
- Details: Participated from Series B through Series E. Led the Series C round in November 2020 at an $800 million valuation.
- RTP Global
- Details: Early investor participating from Series A through the Series G round in 2025.
- Sofina Ventures
- Details: Belgian family holding company that participated from Series C through Series G, demonstrating long-term commitment to CRED.
What's Next for CRED?
CRED's June 2026 Series H, a $900 million transaction led by Meta Platforms at a valuation of about $4.5 billion, was its first fundraise in nearly four years and follows the $72 million round from GIC in 2025. Meta holds an 11.84% minority stake from the primary issuance and does not receive access to CRED customer data. Miten Sampat is serving as interim CEO after founder Kunal Shah left to become global CEO of WhatsApp, and the board is working toward a leadership structure for an eventual IPO. The company also expanded its employee stock option pool by about $112 million as part of the deal while continuing to build products such as CRED Cash, CRED Pay and CRED Travel.
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