The Series B3 funding will enable the company to further strengthen its global market share and multiply value delivery and service quality across industry segments
The company, which also counts Tiger Global among its external investors, is aiming for a 10-times jump in its customer base to 10 crores in the next five-six years
With a valuation of $6.5 billion, Cred aims to compete with major UPI players like PhonePe and Google Pay, while navigating challenges such as losses and increasing its revenue
Eugene Karthak and S Vishvanathan join slice’s parent company Garagepreneurs Internet Private Limited (GIPL) as Independent Director and Advisor respectively