Meta names CRED founder Kunal Shah WhatsApp chief (opens in new tab)

Meta named Indian fintech entrepreneur Kunal Shah the next head of WhatsApp, replacing Will Cathcart after nearly seven years leading the messaging service. Meta announced the appointment alongside a Meta-led $900 million financing round for Shah’s company CRED, structured through primary and secondary share purchases, making Meta a minority investor in the Bengaluru-based fintech firm. Shah founded CRED in 2018 after building FreeCharge, a payments startup Snapdeal acquired for roughly $400 ...