CRED Overview
- Year Founded
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2018
- Status
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Private
- Employees
-
600
- Latest Deal Type
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Series F
- Latest Deal Amount
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$242M
- Investors
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47
CRED General Information
Description
Developer of a credit card payment application designed to provide rewards for paying credit card bills on time. The company's application helps to pay credit card bills and provides offers and discounts on shopping, health services and various spending, enabling customers to pay their card bills on time to ensure credit scores while also providing them with lucrative discounts.
Contact Information
Website
www.cred.clubCorporate Office
- Number 769 and 770, 100 Feet Road, 12th Main
- HAL 2nd Stage, Indiranagar
- Bangalore, Karnataka 560038
- India
Corporate Office
- Number 769 and 770, 100 Feet Road, 12th Main
- HAL 2nd Stage, Indiranagar
- Bangalore, Karnataka 560038
- India
CRED Timeline
CRED Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 8. Later Stage VC (Series F) | 09-Jun-2022 | $242M | Completed | Generating Revenue | ||
| 7. Later Stage VC (Series E) | 18-Oct-2021 | Completed | Generating Revenue | |||
| 6. Later Stage VC (Series D) | 06-Apr-2021 | Completed | Generating Revenue | |||
| 5. Later Stage VC (Series C) | 10-Jan-2021 | Completed | Generating Revenue | |||
| 4. Early Stage VC (Series B) | 17-Sep-2019 | Completed | Generating Revenue | |||
| 3. Early Stage VC (Series A) | 27-Aug-2019 | Completed | Generating Revenue | |||
| 2. Seed Round | 01-Oct-2018 | $24.5M | $54.5M | Completed | Startup | |
| 1. Seed Round | 01-Jun-2018 | $30M | $30M | Completed | Startup |
CRED Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Preference | ||||||||
| Ordinary | ||||||||
| Preference | ||||||||
| Ordinary | ||||||||
| Series E | ||||||||
| Series D | ||||||||
| Series B | ||||||||
| Series A | ||||||||
| Preference | 530,100 | $1.289109 | $38.81 | $38.81 | 1x | $38.81 | 18.27% | |
| Preference | 282,738 | $1.289109 | $2.17 | $2.17 | 1x | $2.17 | 9.75% |
VC Exit Predictor
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Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
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CRED Comparisons
Industry
Financing
Details
CRED Competitors (2)
One of CRED’s 2 competitors is MobiKwik, a Formerly VC-backed company based in Gurugram, India.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| MobiKwik | Formerly VC-backed | Gurugram, India | ||||
| OneCard | Venture Capital-Backed | Pune, India |
CRED Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
CRED Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
CRED Investors (47)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Aroa Venture Partners | Venture Capital | Minority | ||
| Flucas Ventures | Venture Capital | Minority | ||
| GIC Private | Sovereign Wealth Fund | Minority | ||
| Marshall Wace | Hedge Fund | Minority | ||
| STEADFAST Capital Ventures | Growth/Expansion | Minority |
CRED Investments & Acquisitions (10)
CRED’s most recent deal was a Later Stage VC with Velocity (Specialized Finance) for . The deal was made on 26-Aug-2024.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Velocity (Specialized Finance) | 26-Aug-2024 | Later Stage VC | Specialized Finance | ||
| Kuvera | 06-Feb-2024 | Merger/Acquisition | Financial Software | ||
| Spenny | 23-Jun-2023 | Merger/Acquisition | Financial Software | ||
| CreditVidya | 05-Dec-2022 | Merger/Acquisition | Financial Software | ||
| LiquiLoans | 19-Sep-2022 | Early Stage VC | Financial Software |
CRED Affiliates
Subsidiaries (4)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Spenny | Bangalore, India | 2019 | |
| Kuvera | Bangalore, India | 2016 | |
| Hip Bar | Bangalore, India | 2015 | |
| CreditVidya | Mumbai, India | 2012 |
CRED FAQs
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When was CRED founded?
CRED was founded in 2018.
-
Where is CRED headquartered?
CRED is headquartered in Bangalore, India.
-
What is the size of CRED?
CRED has 600 total employees.
-
What industry is CRED in?
CRED’s primary industry is Financial Software.
-
Is CRED a private or public company?
CRED is a Private company.
-
What is the current valuation of CRED?
The current valuation of CRED is .
-
What is CRED’s current revenue?
The current revenue for CRED is .
-
How much funding has CRED raised over time?
CRED has raised $1.09B.
-
Who are CRED’s investors?
Aroa Venture Partners, Flucas Ventures, GIC Private, Marshall Wace, and STEADFAST Capital Ventures are 5 of 47 investors who have invested in CRED.
-
Who are CRED’s competitors?
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