CRED, a two-year-old startup that is helping credit card users in India improve their financial behaviour, has raised $80 million in a new financing round, a source familiar with the matter told TechCrunch. The new financing round, a Series C for CRED, was led by existing investor DST Global. Much of the round — in fact, if not all — has been financed by existing investors, including Sequoia Capital and Ribbit Capital, that are doubling down on Kunal Shah’s startup, the source said on condition of anonymity as they are not authorized to speak to the media. The new round gives CRED a post-money valuation of about $800 million, the source said.
Similar Stories to 2-year-old Cred Valued At $800 Million After $80 Million Funding Round on Bing News
Manish Singh, TechCrunch
Mon, 11/30/2020 - 9:28am
Topics: techcrunch series c dst global sequoia capital ribbit capital kunal shah s series b a cred on cred kunalb11 november anmol maini san francisco-based kunal shah cred_club india i cred kunal shah shah cred in shah cred ipl startup customers source card ecosystem number pay company luxury tournament customer range
BING NEWS:
- Cred's Cryptocurrency Catastrophe: Uncovering the Alleged Fraud Behind $783 Million Loss
The former leaders of Cred, LLC, Daniel Schatt, Joseph Podulka, and James Alexander, have been indicted by a federal grand jury, dealing a catastrophic blow to the cryptocurrency industry. Wire fraud ...
05/4/2024 - 5:05 am | View Link - Money laundering allegations fall heavily on the former managers of Cred
Cred, three actors of managers were charged with allegedly engaging in wire fraud and money laundering charges related to the bankruptcy filing in November 2020.
05/4/2024 - 12:00 am | View Link - DOJ charges former Cred execs over $783M fraud and money laundering scheme
The DOJ has charged three former Cred executives, including its ex-CEO, over an alleged scheme that led to $783 million in customer crypto losses.
05/3/2024 - 2:39 pm | View Link - Former Cred execs face wire fraud and money laundering charges
Former CEO Daniel Schatt and chief financial officer Joseph Podulka face 13 charges of wire fraud and money laundering, while chief commercial officer James Alexander is charged with four counts.
05/3/2024 - 1:52 pm | View Link - Former Cred Executives Indicted on Wire Fraud, Other Charges
Daniel Schatt, a Cred co-founder and former CEO, Joseph Podulka, former CFO, and James Alexander, the former chief capital officer, were indicted by the U.S. Attorney's Office in the Northern District ...
05/3/2024 - 11:14 am | View Link - More
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