Kunal Shah

He founded CRED, a rewards-based credit card payments app, in Bengaluru in 2018, and stepped away from day-to-day operations in 2026 when Meta invested $900M in the company.

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Karnataka of Tomorrow

Fintech

Kunal Shah

CRED

He founded CRED, a rewards-based credit card payments app, in Bengaluru in 2018, and stepped away from day-to-day operations in 2026 when Meta invested $900M in the company.

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Karnataka of TomorrowNo. 004

CRED

Founded2018 · Bengaluru

Raised$1.89B

BackersTiger Global Management, RTP Global, Sofina

Compounding moves

2018 · Founded CRED in Bengaluru
2025 · Total funding reached $1.89B across 11 rounds per Inc42, backed by Tiger Global Management, RTP Global and Sofina
2026 · Meta invested $900M in CRED at about $4.5B post-money, per Inc42 and Bloomberg coverage
2026 · Shah moved into a global leadership role at Meta-owned WhatsApp; CRED CFO-CSO Miten Sampat took over as interim CEO, per Inc42

Series 2026 · No. 004Fact-checked July 17, 2026 · anchored

Record v2 · 8 sources on record · Last recorded July 18, 2026 · Report an error →

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Company

CRED

Founded

2018 · Bengaluru

Raised

$1.89B total (11 rounds)

Backers

Tiger Global Management, RTP Global, Sofina

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v1 · Minted 2026 · 07 · 17

Entered the record from public filings and credible reporting. sha256 6b04…eca0

Anchored to Bitcoin 2026 · 07 · 18

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Last revised July 18, 2026 · Raised, Backers · Full history →

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