Friday, 24 March, 2023

CRED increases valuation to $4B after $251M fundraise

<p>Indian Fintech firm CRED said it had raised $251M in it&#39;s third funding round this year, taking it&#39;s valuation up to $4.01B. Tiger Global and Falcon Edge Capital co-led the Series E round for the three-year old, Bangalore based startup, while Marshall Wace and Steadfast also participated, as did many other existing investors. While it hasn&#39;t revealed any firm plans on how to use the funding, reports state that CRED might plan on investing in other Fintech startups.<br /> &nbsp;</p>