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# Indian fintech firm CRED raises $80 million at a $6.5 billion valuation
- URL: https://www.techloy.com/indian-fintech-firm-cred-raises-80-million-at-a-6-5-billion-valuation/
- Published: 2022-06-09T15:43:08.000Z
- Updated: 2022-12-08T01:12:39.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Fintech, Tech in India

[CRED,](https://cred.club/) a credit card payment and direct-to-consumer (D2C) discovery platform based in India has raised $80 million in its new funding round, at a $6.5 billion valuation. 

- CRED is an app-based credit card payments platform and D2C marketplace, with a P2P lending service via CRED Mint.
- The firm plans to increase its user base and add utility payments to its platform.
- GIC led the funding round with participation from Tiger Global, Sofina Ventures SA, Alpha Wave Ventures, and DF International.