CRED joined the Unicorn Club on April 06, 2021 after raising a $215 million Series D funding round, reaching a $2.13 billion valuation. Headquartered in Bengaluru, Karnataka, India, CRED provides a payments and credit management platform focused on premium credit card users.
The platform allows users to manage credit cards, pay bills, track spending, and earn rewards while ensuring secure transactions and data protection.
Keep reading to learn how CRED became a leading fintech unicorn in India.
What Is CRED and What Does It Do?
Founded in 2018, CRED is a credit card management and payments platform designed for high credit score users. The platform provides tools to pay credit card bills, track spending, maximize rewards, and monitor credit scores.
CRED supports UPI payments, peer to peer transfers, rent payments, and car-related expense management. The platform emphasizes secure and encrypted transactions while providing insights into spending patterns and credit utilization.
How Much Funding Has CRED Raised?
1. Seed Round
- Amount Raised: $2 million
- Date: 2018
- Lead Investors: Kunal Shah, angel investors
- Purpose: Build the core credit card management platform and acquire early users
2. Series A Round
- Amount Raised: $30 million
- Date: 2019
- Lead Investors: Sequoia Capital India
- Purpose: Scale user acquisition and expand partnerships with card issuers
3. Series B Round
- Amount Raised: $81 million
- Date: 2020
- Lead Investors: Sequoia Capital India, Tiger Global Management
- Purpose: Expand product offerings, strengthen technology, and increase marketing reach
4. Series C Round
- Amount Raised: $215 million
- Date: April 2021
- Valuation: $2.13 billion
- Lead Investors: Coatue, Alpha Wave Investors, Alpha Wave Global
- Purpose: Grow user base, expand financial product offerings, and scale operations
5. Series G Round
- Amount Raised: $75 million
- Date: May 2025
- Valuation: ₹31,100 crore
- Lead Investors: Dragoneer Investment Group, GIC
- Purpose: Enhance product suite, strengthen UPI payments and rewards ecosystem, and improve operational efficiency
Total Funding Raised: $942 million Latest Funding Date: May 2025 Latest Known Valuation: ₹31,100 crore Employee Count: 904 as of August 2025
Key Investors
- Dragoneer Investment Group
- Details: Global investment firm focused on high growth technology companies
- Focus Areas: Fintech, consumer internet, and enterprise platforms
- GIC
- Details: Sovereign wealth fund of Singapore
- Focus Areas: Technology, fintech, and long term growth investments
- Coatue
- Details: Global investment management firm investing in public and private technology companies
- Focus Areas: Fintech, marketplaces, and software platforms
- Alpha Wave Investors
- Details: Investment firm focused on technology-driven growth companies
- Focus Areas: Digital finance, payments, and enterprise technology
- Alpha Wave Global
- Details: Growth stage investment firm
- Focus Areas: Technology and financial services companies
Where Is CRED’s Headquarters?
CRED is headquartered in Bengaluru, Karnataka, India, supporting its product development, operations, and fintech innovation teams.
What’s Next for CRED?
CRED plans to expand its credit card management and rewards ecosystem, enhance UPI payments, and deepen engagement with premium users. The company is investing in product innovation, secure transactions, and scalable infrastructure to maintain leadership in India’s digital payments space.
Get Investor and Funding Insights with TexAu
TexAu provides verified investor and funding data for companies like CRED. Explore insights on fintech platforms, credit card management, and high growth payments startups.
Sign up for Free to access real time investor and funding intelligence.