India's Most Valuable Companies 2025 edition · Source: Hurun India
- Valuation
- ₹33,180 Cr
2024 #178 2023 #93 2022 #77
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About CRED
CRED is a Financial Services company based in Bengaluru (India) founded in 2018 by Kunal Naresh Shah and Kunal Shah. CRED is operated as a members-only financial rewards club. It operates on a FinTech and Freemium model. CRED has raised $1.54 billion across 13 funding rounds from investors including Meta, Marshall Wace and MVision AI. The company has 1,056 employees. CRED has completed 6 acquisitions, including CreditVidya, Happay and HipBar. CRED was last valued at $4.46 billion in June 2026. Its chief executive, as recorded, is Kunal Shah. Its website cred.club draws about 1.6 million monthly visits. Its Indian entity Dreamplug Technologies Private Limited reported revenue of ₹2,473 Cr. CRED offers products and services including Credit Card Management, UPI Payments, and Credit Score Monitoring. Its focus areas include FinTech and Digital Payments. Its competitors include CheQ, Wizi and Paymadi; 1 of its 3 listed competitors has raised funding.
Company details
CRED is managed as a members-only club focused on financial and lifestyle progress for creditworthy individuals. Services are provided in the FinTech sector, offering credit card management, UPI payments, and credit score monitoring. Solutions are designed to reward trustworthy members with exclusive perks, cashback, and curated experiences through partnerships with premier brands. Security of personal data and transactions is ensured through encryption.
Recognitions & Rankings of CRED
- Headquarters Bengaluru, India
- Employees 1,056
- Founders Kunal Naresh Shah, Kunal Shah
- Stage Unicorn
- SectorsFinancial Services
- Website category Finance · Banking Credit and Lending
- Email••••••••
- Phone•••• ••••
- Website cred.club
- Social LinkedIn X Facebook
- Legal Name Dreamplug Technologies Pvt Ltd
- Date of Incorporation 19 Apr, 2018
- Jurisdiction Mumbai, Maharashtra, India
Operational Areas
Key Metrics
- Annual Revenue₹2,473 Cr
FY 2024 · +67% YoY
- Net Loss-₹1,646 Cr
FY 2024 · -67% margin
- EBITDA-₹1,566 Cr
FY 2024 · -63% margin
- Total Equity Funding$1.54B (USD)
in 13 rounds
- Latest Funding Round$539.6M (USD), Series H
Jun 2026
- InvestorsMeta
& 95 more
- Employee Count1,056
- Investments & AcquisitionsCreditVidya
& 5 more
Associated legal entities of CRED
CRED is associated with 3 registered companies on The Company Check; the primary company is Dreamplug Technologies Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Dreamplug Technologies Private Limited CIN U93090MH2018PTC308253 | Active | 19 Apr 2018 | Mumbai, Maharashtra | ₹2,473 Cr | 950 | 5 | View details |
| Dreamplug Advisory Solutions Private Limited CIN U66220MH2020PTC335635 | Active | 07 Jan 2020 | Mumbai, Maharashtra | ₹163 Cr | 12 | 4 | View details |
| Dreamplug Paytech Solutions Private Limited CIN U72900MH2021PTC357814 | Active | 24 Mar 2021 | Mumbai, Maharashtra | ₹1,072 Cr | 17 | 4 | View details |
Products & Services of CRED
CRED offers a comprehensive portfolio of products and services, including Credit Card Management, UPI Payments, and Credit Score Monitoring.
Credit Card Management
Financial Services
Credit card management tools are provided for users.
UPI Payments
Payment Solutions
UPI payment options are offered on credit terms.
Credit Score Monitoring
Financial Tools
Credit score monitoring services are accessible to members.
Apps and channels of CRED
CRED publishes 1 mobile app with over 50M+ downloads.
Funding Insights of CRED
CRED has successfully raised a total of $1.54B across 13 strategic funding rounds. The most recent funding activity was a Series H round of $539.6 million completed in June 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.54B
- Total Rounds 13
- Last Round Series H — $539.6M
- First Round $998,890
(May 2018)
- Investors Count 96
Latest 10 of 13 funding rounds of CRED with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2026 | $539.6M | Series H | – | – | |
| Mar 2026 | Angel Round | – | – | – | |
| May 2025 | $75M | Series G | $1.14B | GIC, QED Innovation Labs | |
| Jul 2024 | $2,351 | Series F | – | – | |
| Jun 2022 | $140M | Series F | $6.17B | Lathe Investment, GIC | |
| May 2022 | $7.74M | Series E | – | – | |
| Oct 2021 | $251M | Series E | $••••• | Tiger Global Management, Alpha Wave Global | |
| Apr 2021 | $215.02M | Series D | $••••• | Coatue, Alpha Wave Investors | |
| Nov 2020 | $82.06M | Series C | $••••• | DST Global, Tiger Global Management | |
| Sep 2019 | $25.55M | Series B | – | Ribbit Capital |
Valuation history
| Date | Valuation | Stage |
|---|---|---|
| May 2025 | $1.14B | •••••••• |
| Jun 2022 | $6.17B | •••••••• |
| Oct 2021 | $••••• | •••••••• |
| Apr 2021 | $••••• | •••••••• |
| Nov 2020 | $••••• | •••••••• |
| Jul 2019 | $••••• | •••••••• |
| Sep 2018 | $••••• | •••••••• |
| May 2018 | $••••• | •••••••• |
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Full valuation and stage history of CRED
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Last known valuation $4.46B (Jun 2026). 96 investors in total: 61 institutional and 35 angel.
Investors in CRED
CRED has secured backing from 96 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Meta, Marshall Wace and MVision AI.
All
Venture Fund
Institutional
Angel
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in early-stage technology companies are made by Kalaari Capital. | kalaari.com | Bengaluru, India | ||
Venture capital investment firm | z47.com | Bengaluru, India | ||
Funding for IP-driven deep-tech and digitization-led inclusive solutions. | 2017 | bharat.fund | Ahmedabad, India | |
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Venture capital investments are provided by Sofina to emerging companies. | sofinagroup.com | Brussels, Belgium | ||
Venture capital firm focused on growth-stage companies | alphawaveglobal.com | New York, United States | ||
Assets are managed and venture capital invested across multiple sectors. | Singapore, Singapore | |||
Private equity investments are made in technology-enabled growth companies. | dragoneer.com | San Francisco, United States | ||
Investments in fintech startups are made by Rise Global Capital. | New Castle, United States | |||
Early-stage tech startups are invested in by SF Roofdeck Capitall. | Wilmington, United States |
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Investor details for CRED
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Dreamplug Technologies Private Limited (CRED)
Dreamplug Technologies Private Limited is the primary company behind CRED. The boards of the 3 registered companies of CRED currently have 5 directors; the longest-serving is Kunal Naresh Shah, appointed in 2018. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kunal Naresh Shah DIN 01653176 | Whole-time director | 19 Apr 2018 | 8 yrs 6 mo | Dreamplug Technologies Private Limited, Dreamplug Advisory Solutions Private Limited, Dreamplug Paytech Solutions Private Limited |
| Rohan Shah Naresh DIN 07878167 | Director | 19 Apr 2018 | 8 yrs 6 mo | Dreamplug Technologies Private Limited, Dreamplug Advisory Solutions Private Limited, Dreamplug Paytech Solutions Private Limited |
| Sandeep Tandon DIN 00054553 | Nominee Director | 19 Nov 2018 | 7 yrs 11 mo | Dreamplug Technologies Private Limited |
| Meyer Malka DIN 08277445 | Director | 22 Feb 2019 | 7 yrs 8 mo | Dreamplug Technologies Private Limited |
| Narasimha Vasanth DIN 08816981 | Director | 24 Feb 2023 | 3 yrs 8 mo | Dreamplug Advisory Solutions Private Limited, Dreamplug Paytech Solutions Private Limited |
People of CRED
49 people are tracked at CRED (4 in leadership, 45 in team); the tracked headcount is 1,056.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
| Founder & CEO | Leadership | |
Yash Sarraf | Founder’s Office | Leadership |
Chandan Agarwal | Business & Product, Ad Revenue Head | Leadership |
Sujith Menon | Social Media Analyst | Team |
Chirag Sachdeva | Business & Product | Team |
Ayush Patnaik | Data Scientist | Team |
Ujjawal Soni | Data Science | Team |
Sanyam Bajaj | Data Scientist | Team |
Shivi Goel | Business & Product | Team |
Pulkit Vijay | Analyst | Team |
Richard Peter | Campaign And Product Operations | Team |
Ravi Kumar | Data Scientist | Team |
Vibhuti Bansal | Data Scientist | Team |
Krishna Chaitanya Y V | Product Operations | Team |
Salin Agarwal | All Things Finance | Team |
Samiran Roy | Data Scientist | Team |
Milan Gandhi | Campaign & Operations | Team |
Vardhan Gupta | Business Operations | Team |
Sneha Khoday | Campaign Specialist | Team |
29 more people are available in the full profile.
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Financials of CRED
Figures of Dreamplug Technologies Private Limited, the primary company behind CRED, for FY 2024. Revenue was ₹2,473 Cr (+67% year on year). Net loss was -₹1,646 Cr (-67% margin). EBITDA was -₹1,566 Cr (-63% margin). Revenue has grown at a compounded annual rate of +196% over three years and +282% over five years.
- ₹2,473 CrRevenue · FY 2024 · +67% YoY
- -₹1,646 CrNet loss · -67% margin
- -₹1,566 CrEBITDA · -63% margin
- ₹25.89 CrPaid-up capital
- 950Employees (provident fund records)
- +196%Revenue CAGR, 3 years
- +282%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Dreamplug Technologies Private Limited are on its company page.
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Detailed financial statements for CRED
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Investments & Acquisitions by CRED
CRED has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include CreditVidya, Happay and HipBar.
Acquisitions
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Mutual fund portfolios are created via an app-based investment platform. | kuvera.in | Bengaluru, India | 2016 | Feb 2024 | •••• | |
Savings and gold investments are enabled through app-based transaction roundups. | spenny.com | Bengaluru, India | 2019 | Jun 2023 | •••• | |
Online platform for credit scoring and financial services is developed. | creditvidya.com | Hyderabad, India | 2012 | Nov 2022 | •••• | |
An online marketplace for consumer and business loans is provided. | prefr.com | Hyderabad, India | 2008 | Nov 2022 | •••• | |
Expense management software and corporate cards are offered to businesses. | happay.com | Bengaluru, India | 2012 | Dec 2021 | $180M | |
Bars and liquor stores are discovered via a mobile app. | hipbar.com | Chennai, India | 2015 | Oct 2021 | •••• |
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Timeline of CRED
12 dated milestones of CRED across 8 years, from founding to its latest funding, stage changes and deals.
- Founded CRED is founded.
- Funding First funding round of $999K.
- Milestone Reaches Minicorn status.
- Milestone Reaches Soonicorn status.
- Milestone Reaches Unicorn status.
- Acquisition Acquires HipBar.
- Acquisition Acquires Happay.
- Acquisition Acquires Prefr.
- Acquisition Acquires CreditVidya.
- Acquisition Acquires Spenny.
- Acquisition Acquires Kuvera.
- Funding Latest funding round, Series H, of $539.6M.
Competitors of CRED
CRED has 3 listed competitors in our database, 1 of them funded. They include CheQ, Wizi and Paymadi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cheq.one | 2021 | Bengaluru, India | $17.79M | 98 | Provider of credit card bill payment and rewards platform | |
| wizi.app | 2019 | Chennai, India | 29 | App-based platform for credit card bill payments | ||
| paymadi.com | 2023 | Bengaluru, India | Digital payments platform enabling users to make seamless transactions with credit cards. |
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Detailed competitors of CRED
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Web traffic of CRED
The website of CRED (cred.club) receives about 1.6M visits a month and ranks #37,205 among all websites worldwide, #2,346 in Banking Credit and Lending.
- Monthly visits1.6M
▼ 21.9% vs previous month
- Unique visitors1.5M
per month
- Global rank#37,205
among all websites
- Category rank#2,346
Finance · Banking Credit and Lending
Visitor engagement
- Bounce rate34%
- Pages per visit1.4
- Average visit20 sec
- DevicesDesktop 10% · Mobile 90%
Similar websites
Websites whose visitors overlap most with CRED. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| sbicard.com | 100% | 13.6M | #4,327 | View details | |
| cibil.com | 96% | 7.8M | #5,690 | View details | |
| axisbank.com | 93% | 1.1M | #41,837 | View details | |
| icicibank.com | 93% | 22.8M | #1,388 | View details | |
| paisabazaar.com | 91% | 10.7M | #5,741 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as CRED (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about Cred
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Articles about CRED on our blog
Frequently Asked Questions about CRED
CRED was founded in 2018.
CRED is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Kunal Shah is the CEO of CRED, as recorded in our data. They have also founded this company.
CRED is a funded company, having raised a total of $1.54B across 13 funding rounds to date. The company's 1st funding round was a Series B of $25.55M, raised on May 2018.
CRED has 1,056 employees.
The primary company behind CRED, Dreamplug Technologies Private Limited, reported revenue of ₹2,473 Cr for FY 2024, up 67% year on year.
CRED is managed as a members-only club focused on financial and lifestyle progress for creditworthy individuals. Services are provided in the FinTech sector, offering credit card management, UPI payments, and credit score monitoring. Solutions are designed to reward trustworthy members with exclusive perks, cashback, and curated experiences through partnerships with premier brands. Security of personal data and transactions is ensured through encryption.
CRED offers Credit Card Management, UPI Payments, and Credit Score Monitoring.
CRED has made 6 acquisitions, including CreditVidya, Happay, and HipBar.
CRED has 96 investors. Key investors include Meta, Marshall Wace, MVision AI, Peak XV Partners, and Venture Highway VC.
The valuation of CRED is $4.46B as of Jun 2026.