Meta hires Indian fintech start-up founder as new WhatsApp chief (opens original article in a new tab)

Meta has appointed Kunal Shah, founder of Indian fintech firm CRED, as the new leader of WhatsApp, following a $900m investment in CRED. Shah will lead WhatsApp's global operations while continuing as a shareholder in CRED, which processes 40% of India's credit card payments. Meta's investment in CRED does not grant access to customer data.

• Meta hires Kunal Shah, founder of CRED, as new WhatsApp chief
• Meta invests $900m in CRED, gaining a minority stake without access to customer data
• WhatsApp aims to expand into payments in India, its largest market with 500 million users