Meta to invest $900 million in Cred; Founder Kunal Shah to be global CEO of WhatsApp
Published on: June 22, 2026, 6:46 p.m. | Source: The Economic Times
Fintech giant Cred has secured a significant Rs 8,550 crore funding round, led by Meta, valuing the company at $4.5 billion. As part of the transaction, Shah will step away from his operating role as chief executive and move to Meta’s global leadership team, while retaining his personal shareholding in Cred.
