The Indian startup scene has been booming over the past few years, and the latest round of funding for Indiabased Cred is a testament to that. The fintech company raised a whopping $81 million in its Series C round led by DST Global, which will be used to expand its presence in the country. This round of funding brings Cred’s total amount raised to date to $215 million, and marks an important milestone for the company as it continues to grow. With this investment, Cred will continue to develop its products and services, and further build its brand in India. In this article, we’ll explore what this means for Cred and how it could shape the Indian startup ecosystem.

What is cred?

Cred is a digital lending platform that offers instant loans to its users. It aims to provide financial inclusion to the underbanked and underserved population in India.

Cred was founded in October 2016 by Kunal Shah and Mayank Gupta. Shah is an alumnus of IIT Bombay and has previously worked with Google, Flipkart, and FreeCharge. Gupta is an alumna of IIM Ahmedabad and has worked with Amazon and McKinsey & Company.

Cred provides short-term unsecured personal loans to its users. The loan amount ranges from ₹1,000 to ₹1 lakh and the interest rate starts at 1% per month. The repayment tenure is flexible and ranges from 3 months to 24 months.

To apply for a loan on Cred, users need to first sign up on the platform by providing their basic personal and financial details. Once the user is registered, they can apply for a loan by filling out a simple online form.

Once the loan application is approved, the loan amount is credited to the user’s account instantly. Users can then use this money for any purpose they want.

Cred also has a unique feature called ‘Loan Pass’. This feature allows users to take multiple loans from Cred without having to go through the hassle of re-applying every time they need a new loan.

So far, Cred has disbursed over ₹

What is the difference between cred and other digital wallets?

The primary difference between cred and other digital wallets is that cred is built on the Stellar network. This allows for fast, secure, and low-cost transactions. Other digital wallets are often built on Ethereum, which can be slower and more expensive.

How to use cred?

Assuming you would like content for the subheading “1. How to use cred?”, one way to use cred is as follows:

cred is a digital credit service that allows users to access short-term credit. Users can apply for and receive credit lines from cred’s network of lenders. To use cred, users first need to create an account and link their bank account. Once their account is created, they can browse through cred’s list of lenders and select one that best suits their needs. After selecting a lender, users can submit an application for a credit line. If approved, they will receive their credit line and can begin using it immediately. repayments are made automatically from the user’s linked bank account on a daily or weekly basis, depending on the terms of the loan.

cred offers a convenient and flexible way for users to access short-term credit. By linking directly to users’ bank accounts, cred makes it easy for users to make repayments on time and avoid late fees. Users can browse through multiple lenders to find the one that best suits their needs, making it a great option for those who are looking for quick and easy access to credit.

What are the benefits of using cred?

cred is a digital credit platform that offers users a number of benefits. First and foremost, it provides users with access to credit products from a number of different lenders. This means that users can compare products and rates to find the best deal for their needs. Additionally, cred offers a number of features that make it easier for users to manage their credit products. For example, users can set up reminders for when their payments are due, track their spending, and view their credit score. Lastly, cred also offers customer support in case users have any questions or problems.

How to get started with cred?

If you’re new to cred, the best way to get started is with the cred M Series. With this series, you can learn how to use cred to manage your finances and improve your credit score. The M Series includes three different courses:

1. Introduction to cred: In this course, you’ll learn about what cred is and how it can help you manage your finances. You’ll also learn about some of the basics of using cred, like creating a budget and tracking your spending.

2. Building Your Credit Score: In this course, you’ll learn about the factors that affect your credit score and what you can do to improve it. You’ll also learn about credit reports and how to dispute errors on your report.

3. Using cred to Improve Your Finances: In this course, you’ll learn about some of the ways you can use cred to save money and make better financial decisions. You’ll also learn about some of the tools and resources available through cred, like our budgeting tool and financial education resources.

To enroll in the M Series, simply log in to your account and click on the “Courses” tab. From there, you can choose which course you’d like to take first. Once you’ve completed all three courses, you’ll be well on your way to becoming a cred expert!


In conclusion, Cred’s $81M Series D round led by DST Global is an important milestone for India-based fintechs. Not only does it demonstrate the appeal of Indian startups to global investors, but it also highlights the opportunity that India-based fintechs have to disrupt and innovate in the financial services industry. As more companies look towards India as a source of innovation and growth potential, we can expect to see further investments in Indian startups and further opportunities for them to make an impact on the global stage.

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *