Monday, January 25, 2021
  • About
  • Advertise
  • Careers
Scoftware Magazine
  • Home
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Entertainment
  • Login
No Result
View All Result
Scoftware Magazine
Home Business

Cred raises $80 million in a funding round led by DST Global, valuation now up at $800 million

Jaleel M. by Jaleel M.
December 2, 2020
in Business
0
Cred raises $80 million in a funding round led by DST Global, valuation now up at $800 million
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter


Along with DST Global, Ribbit Capital, Sequoia Capital, and Tiger Global have also invested in Cred.

Cred raises $80 million in a funding round led by DST Global, valuation now up at $800 million

CRED logo

Cred, a repayment platform for credit cards has raised over $80 million in series B funding. The funding was led by DST Global. DST Global had invested in Cred in the previous financial year as well. Along with DST Global, Ribbit Capital, Sequoia Capital, and Tiger Global have also invested in Cred. Cred had raised funds twice in 2019 alone. A series A round of $125 million and a series B funding of $120 million from Sequoia Capital, Ribbit Capital, and others. This 2 year old startup has gone from $450 million to $800 million, in terms of valuation. Around the same time last year, Cred had raised $30 million in its seed round. 

Launched in 2018, Cred is an app that helps users pay and manage their credit card. It offers rewards and incentives linked to the credit card payment. It is for people who have a minimum credit score of 750 or above.

CEO of Cred, Kunal Shah was also the co-founder of Freecharge which is currently owned by private lender Axis Bank.

Cred recently announced an official partnership with the Indian Premier League (IPL). In the early stages of the pandemic, Cred announced a new feature called Cred RentPay where users could pay their rent using their credit cards. Another feature announced was Cred Stash, an easy and digital way of obtaining credit in India.

Updated Date:

December 02, 2020 12:03:09 IST

Related posts

Union Budget 2021: Real estate sector seeks sops to boost housing demand

Union Budget 2021: Real estate sector seeks sops to boost housing demand

January 25, 2021
Union Budget 2021: Centre may announce formulation of ‘dedicated’ policy for toys sector

Union Budget 2021: Centre may announce formulation of ‘dedicated’ policy for toys sector

January 24, 2021

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.



Source link

Previous Post

GST revenues cross trillion mark for second straight month at over Rs 1.04 lakh crore in Nov

Next Post

Facebook to buy customer service startup Kustomer for $1 billion

Next Post
Facebook to buy customer service startup Kustomer for $1 billion

Facebook to buy customer service startup Kustomer for $1 billion

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

HK tightens social distancing measures as tally climbs, East Asia News & Top Stories

HK tightens social distancing measures as tally climbs, East Asia News & Top Stories

7 months ago
Naya Rivera Investigation: Police Reveal New Details 2 Days After Her Disappearance

Naya Rivera Investigation: Police Reveal New Details 2 Days After Her Disappearance

7 months ago
Indian boy who created Covid-19 tool among Apple’s student challenge winners

Indian boy who created Covid-19 tool among Apple’s student challenge winners

7 months ago
Bachelor in Paradise’s Jenna Cooper Gives Birth to a Baby Girl

Bachelor in Paradise’s Jenna Cooper Gives Birth to a Baby Girl

8 months ago

FOLLOW US

  • 79 Followers
  • 29.5k Followers
  • 82.6k Subscribers

BROWSE BY CATEGORIES

  • Business
  • Culture
  • Entertainment
  • Lifestyle
  • Music
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Tech
  • Travel
  • World News

BROWSE BY TOPICS

2018 League Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan Istana Negara Market Stories National Exam Visit Bali

POPULAR NEWS

  • Kris Jenner Spills Details About Her Sex Life With Corey Gamble: Watch

    Kris Jenner Spills Details About Her Sex Life With Corey Gamble: Watch

    0 shares
    Share 0 Tweet 0
  • Common Saints Release New Single “Idol Eyes”

    0 shares
    Share 0 Tweet 0
  • KRISTIN LASH & JAKOB GREY Team Up On “Sleeping With The Lights On”

    0 shares
    Share 0 Tweet 0
  • Sam Heughan & Graham McTavish Are Men in Kilts for Travel Show

    0 shares
    Share 0 Tweet 0
  • A Blackhat Hacker Durgesh Singh Kushwah Tells Us All!

    0 shares
    Share 0 Tweet 0
  • About
  • Advertise
  • Careers

© 2020 Scoftware.com

No Result
View All Result
  • Home
  • Politics
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2020 Scoftware.com

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Terms and Conditions - Privacy Policy