Indian fintech firm CRED raises $80 million at a $6.5 billion valuation

Oluwajuwonlo Afolabi -

CRED, 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.