Archive · 2 Jun 2025
CRED Secures $75M Funding, Valuation Drops, Launches Cash+
CRED, a company that helps people manage credit card payments, is getting $75 million more in funding.
This means investors are giving CRED money to help it grow.
However, the company's value has dropped.
They also launched a new feature called CRED cash+ which lets people borrow money using their investments as collateral, so they don’t have to sell them.
This lets people get money quickly without interrupting their long-term investment goals.
The interest rate starts at about 9%.
The company hopes this helps people who need money but don't want to sell their investments.
CRED is set to announce a $75 million Series G funding round led by GIC.
The funding round values CRED at $3.5 billion, a 45% decrease from June 2022.
CRED aims to close FY26 with positive earnings.
CRED has launched CRED cash+, allowing members to borrow against mutual funds.
CRED cash+ offers interest rates starting at 8.99% without disrupting long-term growth.
- Who
- CRED, led by Kunal Shah, with investments from GIC, RTP Global, Sofina.
- What
- CRED is securing $75M in fresh funding, with the introduction of CRED cash+.
- When
- The Series G funding round is expected to close within two weeks.
- Where
- India
- Why
- To improve financial health, expand financial services and provide liquidity options to members.
- Funding Round Investors
- GIC, RTP Global, Sofina
- Funding Amount
- $75 million
- Current Valuation
- $3.5 billion
- Valuation Drop
- 45%
- Profitability
- FY26 (first two months)
- Interest Rate (CRED cash+)
- 8.99%
