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Scoop: Cred in talks to raise new funds as valuation slips by over 30% to $4 billionFintech startup Cred is in talks to raise $100–200 million at a reduced valuation of around $4 billion, down from $6.4 billion in 2022. Bac...- Fintechs must build collection muscle to scale lending business: Cred founder Kunal ShahKunal Shah stressed that fintech founders are essentially in the business of trust, irrespective of the category. “If you’re building in fi...
- Cred tweaks P2P lending platform Mint to abide by latest RBI normsThe startup which launched secured credit products is looking to expand its partnerships with more banks and NBFCs.
- Cred rolls into insurance space via Garage platformGarage is a platform where Cred users can track their vehicle spends, pending traffic ‘challans’, and insurance and pollution renewal dates...
- Yes Bank ties up with Newtap Finance to Offer Financing SolutionsYes Bank has entered into a co-lending partnership with Newtap Finance to offer personalized financing solutions on CRED. Dreamplug Technol...
- L&T Finance partners with Cred to offer fast, unsecured personal loansL&T Finance has teamed up with Cred to provide unsecured personal loans to high-credit-score members of the platform. These loans, facilita...
- Cred's head of risk Kunal Kashyap quits, set to join SliceKunal Kashyap moves from Cred to Slice, which merges with North East Small Finance Bank. Pending approvals from Competition Commission of I...
- Cred hires Sujay Das to head risk for in-house NBFC Newtap FinanceSujay Das, who spent more than 12 years at HSBC Bank and then was with Bajaj Finance, heading its analytics team, had joined Bengaluru-base...
- Fintech startups crowd NBFC queue to enter credit laneA growing number of fintechs are hoping to play the credit game to keep users sticky and expand revenue opportunities
- Cred names financial services veteran B Sriram as independent directorSriram will provide guidance and counsel for the company’s long-term strategy, growth plans and execution roadmap.
- Kunal Shah’s inhouse NBFC ends first year with a small profitNewtap Finance is looking to set up a new management team and build partnerships with other fintechs.
- Cred acqui-hires YCombinator-backed fintech SpennyzFounded in 2019 by Shah and Gaurav Arora, Spenny was a micro-investment platform that nudged users to invest small amounts of money in mutu...
- How Kunal Shah's Cred is rejigging the fintech’s lending strategy to tap more usersIn a major change to its lending strategy, Cred plans to cater to consumers who are new to credit and have never taken any formal credit in...
- Exclusive: Sebi may review compliance for VC, PE funds; Cred‘s rejigging its lending strategyCapital markets regulator Securities and Exchange Board of India (Sebi) has sought suggestions from venture capital and private equity fund...
- Cred lays off close to 15% of staff at expense management unit HappayThe exact number of employees affected by the layoffs could not be ascertained, but one of the sources told ET that 10-15% of the workforce...
- BharatPe acquires 51% in NBFC Trillion Loans to bolster lending playBharatPe’s investment in an NBFC comes at a time when several fintechs are looking at bolstering their presence in the segment.
- Kunal Shah’s Newtap Technologies in talks to raise $50-70 million to push lending businessShah has discussed shoring up the funds from Cred’s existing investors including Sequoia Capital and Singapore’s sovereign fund GIC, which ...
- Cred’s NBFC may raise $50-70 million; MapmyIndia CEO wants internet body IAMAI to reflect Indian voicesKunal Shah-owned Newtap Technologies, which acquired Parfait Finance, an RBI-registered NBFC, is in talks to raise equity capital from Cred...
- Cred launches ‘Tap to Pay’- a feature that needs no physical card or wallet to make paymentsCompany enters the buy-now-pay-later space with Cred Flash.
- Cred founder Kunal Shah’s firm acquires Parfait for wider fintech playShah, through Newtap Technologies, has acquired NBFC Parfait Finance & Investment for a wider fintech play for Cred with lending. The Reser...
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