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CRED is an Indian credit card bill payments app based out of Bangalore, India. In June 2020, CB Insights listed CRED as one of the 50 future unicorns.
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CRED was started in November 2018 by Kunal Shah, after getting seed capital investment of $1M.
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In April 2019, CRED bagged Series A funding of $25 million
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In August 2019, CRED received $120 Million Series B Funding
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In July 2020, the company claimed to be having 3 million CRED members actively using CRED payments platform.
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In Sep 2020, BCCI announced that CRED had acquired official sponsorship rights for the 13th season of Indian Premier League.
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During the COVID-19 pandemic in India, more than 15,000 CRED members came together and decided to distribute surgical masks.
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To healthcare workers at primary health centres (PHCs), pharmacists, ASHA workers, others who are the first line of defence for the vulnerable sections of society.
This has helped over 300,000 frontline professionals