Meta to invest $900 million in Cred; founder Kunal Shah appointed WhatsApp global CEO

Fintech giant Cred has secured a significant Rs 8,550 crore funding round, led by Meta, valuing the company at $4.5 billion. As part of the transaction, Shah will step away from his operating role as chief executive and move to Meta’s global leadership team, while retaining his personal shareholding in Cred.