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The Economic Times — Techeconomictimes.indiatimes.com

Meta to invest $900 million in Cred; founder Kunal Shah appointed WhatsApp global CEO (opens original article in a new tab)

TL;DR

Meta invests $900 million in fintech company Cred, valuing it at $4.5 billion, with founder Kunal Shah moving to Meta's leadership while retaining his shares.

  • Meta invests $900 million in Cred, valuing it at $4.5 billion
  • Kunal Shah steps down as Cred's CEO to join Meta's global leadership team
  • Miten Sampat appointed interim CEO of Cred

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