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    • Cred revenue grows 16% to Rs 2,735 crore in FY25; operating losses halve to Rs 298 crore

      Fintech firm reports improved margins and lower losses as product adoption deepens

    • Rent payments make a comeback on payment apps, PhonePe stays out ahead of IPO

      While some of the payment companies have restarted the rent payment with work-arounds and caution, IPO-bound PhonePe wants to stay away from any regulatory grey-area

    • PhonePe, Paytm, Cred shut down rent payment services amid RBI curbs

      The move follows the Reserve Bank of India’s (RBI) tightened Payment Aggregator (PA) and Payment Gateway (PG) guidelines, issued on September 15, which bar PAs from facilitating payments to entities with whom they lack a direct contractual relationship.

    • Kunal Shah's CRED launches 18 carat gold credit card with IndusInd Bank

      Serial investor Shah, was upbeat about the prospects of the new products, especially the Sovereign gold card. “Take a good look because you will probably not see it. Most people will not get it.”

    • Cred processes 75% more in bill payment value than PhonePe, its nearest competitor

      The average value of a bill that Cred processes is worth over Rs 14,000 whereas the value of a bill that PhonePe processes is around Rs 3,000.

    • CRED's Kunal Shah: Indians who make Rs 10,000/hour will waste an hour to save Rs 500

      CRED founder Kunal Shah shares his observations on India's economic growth, highlighting the lack of 'time value of money' and the low female workforce involvement.

    • Billionaire Nithin Kamath says his credit score isn't good enough for CRED. Kunal Shah reacts

      This light-hearted exchange highlighted CRED's well-known internal policy: a stellar resume and top-notch skills aren't enough to secure a job at the company; prospective employees also need a credit score exceeding 750.

    • Kunal Shah-led Cred to raise $75 million from existing investors in a down round

      The funding will value Cred at approximately $3.5 billion, a sharp drop from the previous $6.5 billion valuation amid a broader funding slowdown in India’s startup ecosystem.

    • India does not have a culture of excellence, says Cred's Kunal Shah

      Kunal Shah said the ability to adapt will be critical for startups as emerging technologies like AI reshape industries such as BPO and IT services.

    • India worships founders like gods, but does 'visarjan' if things go south, says Cred’s Kunal Shah

      He was answering a question on negative coverage of BluSmart founder allegedly diverting loans meant for funding BluSmart's electric vehicle purchases for personal use.

    • Around 50–60% use ChatGPT for 'unproductive purposes', says Cred’s Kunal Shah on use-cases of AI

      Kunal Shah acknowledged that many fintechs are faced with difficult trade-offs. “A lot of choices in fintech have to be made where it may not be great with the consumer, but it is great for business,” he said.

    • CRED's Kunal Shah says AI has created an interesting impact: 'It’s exposing bad talent faster'

      Speaking about the rapid advancements in AI and its impact on software development, CRED CEO Kunal Shah said that while AI tools are reducing the time and cost of building software, efficiency alone does not equate to success.

    • Flipkart's super.money beats Cred to take 5th place; UPI daily transaction value crosses Rs 1 lakh crore for first time

      PhonePe dominates UPI payments, with a 47.5% market share in volume in February. In value terms, its share is even higher at 51 percent

    • Our business has grown multi-fold, but headcount remains flat: Cred’s Kunal Shah on AI’s impact

      He added that Cred will start hiring more number of “high-judgment people” versus people who can just "work", referring to coders.

    • You need a credit score of over 750 to work at Kunal Shah's Cred

      Cred, which caters to India's affluent consumers, currently allows only people with a credit score of 750 and above to sign up for its product.

    • Cred launches 'Svalbard,' allowing users to pledge mutual funds for digital credit lines

      Cred also unveiled a slew of features to help users manage and improve their credit scores, along with a new credit card management experience

    • Navi, super.money building on UPI gains, Cred's share stagnant since April 2024

      Late last year, NPCI extended the implementation of its 30 percent market cap by two more years, as the newer players failed to make any material impact

    • Cred’s loan book crosses Rs 19,000 crore mark, NBFC arm explores equity funding

      As of December 2024, Cred’s monthly transacting user base crossed 1.2 crore, growing at a CAGR of 30 percent.

    • MobiKwik, Cred take the lead in CBDC rollout, launch e₹ wallets with Yes Bank

      This launch follows RBI's announcement in April 224, which proposed extending CBDC to a broader user base. While Cred has introduced a beta version of its e₹ wallet for a select group of users, MobiKwik has rolled out a full-scale launch, making it available to all Android users.

    • Bengaluru police arrest four from Gujarat for defrauding Rs 12.5 crore from CRED

      The accused allegedly forged signatures and seals on Corporate Internet Banking (CIB) forms, facilitating the fraudulent transfer of Rs 12.51 crore to 17 different bank accounts.

    • Fintechs are burning money without understanding when to stop, says veteran banker KV Kamath

      According to Kamath, fintechs are constantly building more and newer products without looking at business outcomes.

    • Convenience is king, disruption in broking and AMCs inevitable, says KV Kamath

      At the Moneycontrol Fintech Conclave, Kamath highlighted that broking is already facing disruption, and the next target could be Asset Management Companies

    • Most affluent customers in India do not understand financial literacy basics, says Cred’s Kunal Shah

      Shah urged the fintech industry stakeholders to create different mechanisms to understand how credit, especially unsecured loans, are getting used to avoid NPAs due to speculative behaviours

    • MakeMyTrip to acquire Cred's expense management platform Happay to strengthen corporate travel services

      As part of the agreement, Happay's brand, expense management business, and its team will transition to MakeMyTrip, while CRED will retain Happay’s payments division.

    • Sachin Bansal's Navi overtakes Cred to emerge as fourth largest UPI app

      Flipkart Group’s super.money doubled the number of transactions in October, overtaking NPCI’s BHIM app

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