When was CRED founded?

CRED was founded in 2018 and became a unicorn in 2021.

Where is CRED located?

CRED is headquartered in Bengaluru, India. It is registered at 404, Uphar II CHS Ltd, Plot No.5 BHD, Sanjeeva ENCL 7 Bunglows,Near JuhuCircle, Mumbai City, Mumbai, Maharashtra, India, 400061.

Who is the current CEO of CRED?

Kunal Naresh Shah of CRED. They have also founded 3 companies and are angel investors in 305 startups, including Newtap Finance and Qed Innovation.

Which legal entities is CRED associated with?

CRED is associated with DREAMPLUG TECHNOLOGIES PRIVATE LIMITED and 3 others.

How many employees does CRED have?

As of Mar 31, 2026, the latest employee count at CRED is 1056.

Is CRED a funded company?

CRED is a funded company, having raised a total of $1.48B across 13 funding rounds to date. The company's 1st funding round was a $999K Seed round, raised on May 14, 2018.

How much is CRED worth?

The latest valuation of CRED is ₹42,100Cr as of Jun 22, 2026.

When was the latest funding round of CRED?

CRED's latest funding was a $540M Series H round on Jun 22, 2026, with participation from 1 investor.

What is the annual revenue of CRED?

Annual revenue of CRED is more than ₹1,000 Cr as on Mar 31, 2025

Is CRED a Payments company?

The primary sector of CRED is Payments.

Where does CRED rank among its competitors?

CRED ranks 1st amongst 482 active competitors, of which 32 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was CRED, which secured $900M in Jun, 2026.

Who are the top competitors of CRED?

CRED's top competitors include Fawry, CheQ and Doxo. Among them, CRED secured the most recent funding round in June, 2026.

CRED - 2026 Company Profile, Team, Funding, Competitors & Financials

CRED is a series H company based in Bengaluru (India), founded in 2018 by Kunal Naresh Shah, Jane Lescarret and Nikhil Panju. It operates as a Provider of financial management tools for credit card bill payments. CRED has raised $1.48B in funding from investors like Ribbit Capital, Peak XV Partners and Tiger Global Management, with a current valuation of ₹42,100Cr. The company has 482 active competitors, including 32 funded and 17 that have exited. Its top competitors include companies like Fawry, CheQ and Doxo.

Sectors and market segments that CRED operate in

CRED serves in the FinTech market segments.The primary business model of CRED is:

FinTech > Payments > ***** **** > ***** ******

Company Details

Provider of financial management tools for credit card bill payments. This platform enables users to track credit card spending, monitor payment due dates, and analyze usage patterns. It facilitates the settlement of credit card bills and provides access to credit score monitoring services. The system integrates with various banking institutions to support transaction processing and financial oversight. Users can utilize these tools to manage multiple credit accounts and review their credit history through integrated reporting features.

Website: cred.club
Social
Email ID: *****@cred.club
Phone Number: +91 **********
Registered Address: 404, Uphar II CHS Ltd, Plot No.5 BHD, Sanjeeva ENCL 7 Bunglows,Near JuhuCircle, Mumbai City, Mumbai, Maharashtra, India, 400061

Key Metrics

Founded Year

2018

Location

Bengaluru, India

Stage

Series H

Total Funding

$1.48B in 13 rounds

Latest Funding Round

Series H, Jun 22, 2026, $540M

Post Money Valuation

₹42,100Cr as on Jun 22, 2026

Investors

Ribbit Capital & 104 more

Ranked

1^st among 482 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2025

Employee Count

1,056 as on Mar 31, 2026

Investment & Acquisitions

Tellme & 8 more

Similar Companies

CheQ & 26 more

View CRED's full profile

CRED is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
CRED FOUNDATION CIN: U85300KA2022NPL163949 , India, Active	Jul 18, 2022	0 - ₹10 Cr (As on Mar 31, 2025)	-
DREAMPLUG ADVISORY SOLUTIONS PRIVATE LIMITED CIN: U66220MH2020PTC335635 , India, Active	Jan 07, 2020	₹100 - ₹500 Cr (As on Mar 31, 2025)	31 (As on May 31, 2026)
DREAMPLUG PAYTECH SOLUTIONS PRIVATE LIMITED CIN: U72900MH2021PTC357814 , India, Active	Mar 24, 2021	₹500 - ₹1,000 Cr (As on Mar 31, 2025)	27 (As on May 31, 2026)
DREAMPLUG TECHNOLOGIES PRIVATE LIMITED CIN: U93090MH2018PTC308253 , India, Active	Apr 19, 2018	₹1,000+ Cr (As on Mar 31, 2025)	953 (As on May 01, 2026)

CRED has raised a total funding of $1.48B over 13 rounds. Its first funding round was on May 14, 2018. Its latest funding round was a Series H round on Jun 22, 2026 for $540M. 1 investor participated in its latest round. CRED has 62 institutional investors and 43 angel investors.

Here is the list of recent funding rounds of CRED:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 22, 2026	$540M	Series H	-	-	-	Meta
Mar 26, 2026	$1.99M	Angel	$3.32B	-	-	Sheila Wadhwa, Venkat Narayana, Varun Dua, Nirav Mehta, Farida Tambawalla, Parimal Muli, Vineet Lovekar, Agnimitra Roy
May 29, 2025	$75M	Series G	$3.66B	-	GIC, QED Innovation Labs	Sofina, RTP Global, Lathe Investment

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View details of CRED's funding rounds and investors

The founders of CRED are Kunal Naresh Shah, Jane Lescarret and Nikhil Panju. Kunal Naresh Shah is the CEO of CRED.

Here are the details of CRED's key team members:

Kunal Naresh Shah: Founder & CEO of CRED and founder of 4 other companies, including Newtap Finance, Qed Innovation and Newtap Technologies. They are also an angel investor in 305 startups and serve on the boards of 2 companies.
Contact Info: 1 phone number
Jane Lescarret: Owner of CRED.
Nikhil Panju: Former Co-Founder of CRED.
Contact Info: 1 email address

CRED's Board of Directors

CRED's board has 5 active members. Sandeep Tandon, Rohan Shah Naresh, Kunal Naresh Shah and Meyer Malka are part of team and Miten Harish Sampat is independent board member.

Here is the list of CRED's board of directors:

Name	Type	Representing	Status	Duration
Rohan Shah Naresh	Team	-	Current	8y 3m
Kunal Naresh Shah	Team	-	Current	8y 3m
Sandeep Tandon	Investor	-	Current	7y 8m
Meyer Malka	Investor	Ribbit Capital	Current	7y 5m
Miten Harish Sampat	Independent board member	-	Current	0y 1m

View details of CRED's Founder profiles and Board Members

CRED's employee count trend

CRED has 1,056 employees as of Mar 26. The total employee count is 12.0% lower than what it was in Mar 25. Here is CRED's employee count trend over the years:

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Top competitors of CRED include Fawry, CheQ and Doxo. Here is the list of Top 10 competitors of CRED, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	CRED 2018, Bengaluru (India), Series H	Provider of financial management tools for credit card bill payments	$1.48B	GIC, Dragoneer Investment Group & 103 others	78/100
2nd	Fawry 2008, Cairo (Egypt), Public	App-based platform for consumer bill payments	$46M	IFC, EAEF & 3 others	76/100
3rd	CheQ 2022, Bengaluru (India), Seed	Provider of digital credit card bill payment and management services	$17.8M	3one4 Capital, Y Combinator & 32 others	75/100
4th	Doxo 2008, Seattle (United States), Series C	Provider of mobile app for bill payments	$37M	Mohr Davidow Ventures, Sigma Partners & 3 others	64/100
5th	One97 Communications 2000, Noida (India), Public	Provider of online platform for payments, recharges, financial, and travel services	-	Nepean Capital	62/100
6th	AutoPe Payment Solutions 2006, Gurugram (India), Unfunded	App-based platform for bill payments	-	-	60/100
7th	WHISH The Money Whiz 2017, Beirut (Lebanon), Unfunded	Online recharge and mobile payment solutions for consumers	-	-	59/100
8th	Papaya 2009, Los Angeles (United States), Series B	App for bill payments	$65M	Bessemer Venture Partners, 9Yards & 9 others	58/100
9th	Mobilly 2005, Riga (Latvia), Seed	Payment app for transportation services	$1.2M	Zgi capital	57/100
10th	Khazna 2019, Cairo (Egypt), Series A	Digital wallet platform for individuals	$47M	Algebra Ventures, Quona & 16 others	57/100

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Looking for more details on CRED's competitors? Click here to see the top ones

Founders own 10.07%, Funds (largest shareholder) own 64.33%, Parent Entities own 0.64% and Enterprises own 13.94%. The net worth of CRED's founders is INR 4,240Cr as of Jun 22, 2026.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	10.07%	4,240Cr	9503768	5313438	6758167	9181246
Kunal Naresh Shah	4257356	3579716	7545936	2395408	9330660	6187915
Fund	64.33%	27,100Cr	3636446	7194969	9941683	4256353
QED Innovation Labs	7994034	8960288	5167853	4657274	5821500	5958638
Peak XV Partners	1112300	6777674	6331016	4643132	8888318	9119007
Ribbit Capital	1670730	7843427	7745751	3388566	7700205	8919233
Tiger Global Management	70779	78621	64567	61080	60928	61777
Gemini Investment Management	4189	5048	8254	2550	5316	1413
DST Global	757	449	386	776	502	342
GIC	341	112	539	375	150	629
Alpha Wave Global	13	64	46	68	20	86
Coatue	25	80	46	85	30	56
Sofina	6	1	7	2	5	6
General Catalyst	2	4	5	1	5	3
RTP Global	0	0	0	0	0	0
Dragoneer Investment Group	0	0	0	0	0	0
Insight Luxembourg	0	0	0	0	0	0
Marshall Wace	0	0	0	0	0	0
Kalaari Capital	0	0	0	0	0	0
Rise Global Capital	0	0	0	0	0	0
Z47	0	0	0	0	0	0
SciFi	0	0	0	0	0	0
Whiteboard Capital	0	0	0	0	0	0
Rainmatter	0	0	0	0	0	0
Bharat Innovation Fund	0	0	0	0	0	0
Venture Highway	0	0	0	0	0	0
Rajaram Family Trust	0	0	0	0	0	0
Zarringhalam Ventures	0	0	0	0	0	0
Mission Holdings	0	0	0	0	0	0
ReDefine Capital Partners	0	0	0	0	0	0
Credence Partners	0	0	0	0	0	0
Ganesh Ventures	0	0	0	0	0	0
Parent Entity	0.64%	267Cr	0	0	0	0
Enterprise	13.94%	5,860Cr	6597475	8759776	5502397	1161761
Angel	0.21%	86.5Cr	0	0	0	0
Haresh Chawla	0	0	0	0	0	0
Akshay Kothari	0	0	0	0	0	0
Harsha Majety	0	0	0	0	0	0
Alan Mamedi	0	0	0	0	0	0
Sriram Krishnan	0	0	0	0	0	0
Ajit Mittal	0	0	0	0	0	0
Rahul Mehta	0	0	0	0	0	0
Sheila Wadhwa	0	0	0	0	0	0
Venkat Narayana	0	0	0	0	0	0
Varun Dua	0	0	0	0	0	0
Nirav Mehta	0	0	0	0	0	0
Farida Tambawalla	0	0	0	0	0	0
Parimal Muli	0	0	0	0	0	0
Vineet Lovekar	0	0	0	0	0	0
Mukesh Bansal	0	0	0	0	0	0
Jitendra Gupta	0	0	0	0	0	0
Amrish Rau	0	0	0	0	0	0
Other People	0.88%	368Cr	0	0	0	0
ESOP Pool	9.94%	4,180Cr	4783357	5545010	6651490	3570258
Total	100.00%	42,100Cr	1748826	9247864	5748080	4328396

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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.

Disclaimer

View more details of CRED's Shareholding

CRED has made 5 investments in companies including Tellme and LiquiLoans. CRED has also acquired 4 companies including Kuvera and Spenny.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Apr 02, 2026	Investments	Tellme	2026	Bengaluru (India)
Feb 06, 2024	Acquisition	Kuvera	2016	Bengaluru (India)
Jun 23, 2023	Acquisition	Spenny	2019	Bengaluru (India)