12 October 2021

Indian FinTech CRED eyes funding at $5.5bn valuation

Written By FinTech Alliance

Indian FinTech CRED eyes funding at $5.5bn valuation

CRED, an Indian FinTech startup, has begin engaging with investors for its next raise at a $5.5bn valuation. 

In Brief:

  • CRED is a platform to help people improve their credit score by paying bills on time. 
  • It’s held talks with investors and reports a number of inbound requests. 
  • It has already finalised an investment of over $200mn from Tiger Global a few weeks ago. 

What does this mean? 

CRED has seen its valuation soar following the Tiger backing – previously it was valued at $3.76bn, and in January it was valued at $806mn. 

See the full story from TechCrunch.

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