About CRED
CRED is a company based in Bengaluru (India) founded in 2018 by Kunal Naresh Shah. It operates as a FinTech and Freemium. CRED has raised $1.48 billion across 13 funding rounds from investors including Marshall Wace, MVision AI and Peak XV Partners. The company has 950 employees as of April 07, 2024. CRED has completed 6 acquisitions, including CreditVidya, Happay and HipBar. CRED offers products and services including Credit Card Management, UPI Payments, and Credit Score Monitoring. CRED operates in a competitive market with competitors including CheQ, Wizi, Paymadi and UdharPay, among others.
- Headquarter Bengaluru, India
- Employees 950 as on 07 Apr, 2024
- Founders Kunal Naresh Shah
- Stage Unicorn
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Dreamplug Technologies Pvt Ltd
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$178.51 M (USD)251.33as on Mar 31, 2023
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Net Profit
-$162.01 M (USD)-5.31as on Mar 31, 2023
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EBITDA
-$164.59 M (USD)-5.97as on Mar 31, 2023
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Total Equity Funding
$1.48 B (USD)
in 13 rounds
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Latest Funding Round
$539.6 M (USD), Series H
Jun 22, 2026
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Investors
Marshall Wace
& 69 more
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Employee Count
950
as on Apr 07, 2024
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Investments & Acquisitions
CreditVidya
& 5 more
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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 tools are provided for users.
UPI payment options are offered on credit terms.
Credit score monitoring services are accessible to members.
People of CRED
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Funding Insights of CRED
CRED has successfully raised a total of $1.48B 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.
Investors in CRED
CRED has secured backing from 70 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Marshall Wace, MVision AI and Peak XV Partners.
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Investments in early-stage technology companies are made by Kalaari Capital.
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Venture capital investment firm
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Funding for IP-driven deep-tech and digitization-led inclusive solutions.
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Investor details 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.
Investment portfolio details for CRED
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Savings and gold investments are enabled through app-based transaction roundups.
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Mutual fund portfolios are created via an app-based investment platform.
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Bars and liquor stores are discovered via a mobile app.
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Locked | Locked | 2015 | Locked |
Complete acquisition details for CRED
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Financial Statements - CRED
Detailed financials for CRED
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Cred Comparisons
Peer comparison for CRED
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Competitors of CRED
CRED operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CheQ, Wizi, Paymadi and UdharPay, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of credit card bill payment and rewards platform
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App-based platform for credit card bill payments
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Digital payments platform enabling users to make seamless transactions with credit cards.
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Automates collection of credit, fees, and EMI from customers' bank accounts.
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Detailed competitors of CRED
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Latest news on Cred
Complete news archive for CRED
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Frequently Asked Questions about CRED
CRED was founded in 2018.
CRED is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
CRED is a funded company, having raised a total of $1.48B across 13 funding rounds to date.
As of Apr 07, 2024, the latest employee count at CRED is 950.
Annual revenue of CRED is $178.51M as on Mar 31, 2023.
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 70 investors. Key investors include Marshall Wace, MVision AI, Peak XV Partners, Venture Highway VC, and Bharat Fund.
The valuation of CRED is $1.14B as of May 2025.