Meta Just Made A $900 Million Bet On This Indian Fintech Firm And Tapped Its Founder To Lead WhatsApp: 'The Headline Nobody Is Printing' (opens in new tab)

Meta Platforms Inc. has committed $900 million through a Series H funding round in Indian fintech startup CRED on Monday. In a parallel move, CRED founder and CEO Kunal Shah is set to lead WhatsApp globally, strengthening Meta’s push into digital payments and financial services. Notably, Meta’s investment does not include access to CRED’s user data; instead, the company gains Shah’s expertise as he joins WhatsApp, succeeding Will Cathcart. With a valuation exceeding $4 billion in its latest fund