India-based fintech company CRED has raised a $251M Series led by Tiger Global and Falcon Edge Capital, valuing it at $4.01B. CRED has 7.5 million users, out of 25 million unique credit cardholders in India.
- The CRED app offers users rewards for paying their credit card bills on time, with brands like Puma and Samsung.
- CRED recently invested $5M in corporate debt platform CredAvenue.
- The company is reportedly in talks to invest in other fintech start-ups.