Indian financial technology company
Dreamplug Technologies Pvt. Ltd. CRED Company type Private Industry Financial technology Payments Founded 2018; 6 years ago (2018 ) Founder Kunal Shah (Founder & CEO ) Headquarters Bangalore , Karnataka , India
Revenue ₹ 1,400 crore (US$170 million) (FY23)[ 1] ₹ −1,347 crore (US$−160 million) (FY23)[ 1] Number of employees
800 Website cred .club
Dreamplug Technologies Pvt. Ltd. d/b/a CRED is an Indian fintech company, based in Bangalore .[ 2] [ 3] [ 4] Founded in 2018 by Kunal Shah ,[ 5] [ 6] it is a reward-based credit card payments app.[ 7] Cred also lets users make house rent payments[ 8] and provides short-term credit lines .[ 9]
^ a b "Cred revenue grows 3.5x to Rs 1,400 crore, losses widen 5% to Rs 1,347 crore in FY23" . Moneycontrol . 5 October 2023. Retrieved 27 January 2024 .
^ "Kunal Shah's CRED raises $215 million to be India's latest unicorn with a valuation of $2.2 billion" . Business Insider . Retrieved 10 April 2021 .
^ "Kunal Shah's Cred turns unicorn in less than three years; valuation slingshots nearly 3X to $2.2 billion" . The Financial Express . 6 April 2021. Retrieved 10 April 2021 .
^ "Cred valued at $2.2 billion with new round, Kunal Shah says 'conscious call' to not monetise in first 2 years" . cnbctv18.com . 6 April 2021. Retrieved 10 April 2021 .
^ Patwa, Prasannata (26 November 2018). "Cred to launch product for credit card users" . mint . Retrieved 11 April 2021 .
^ Gooptu, Biswarup; Sharma, Samidha. "Kunal Shah: FreeCharge's Kunal Shah is back with Fintech firm Cred" . The Economic Times . Retrieved 11 April 2021 .
^ Bajaj, Karan. "Cred review: Makes credit card bill payments easier, rewards for timely transaction" . The Economic Times . Retrieved 11 April 2021 .
^ "How to pay house rent online with your credit card using CRED app" . www.timesnownews.com . 11 June 2020. Retrieved 11 April 2021 .
^ Staff (20 April 2020). "Cred Rentpay, Stash services launched in India" . BGR India . Retrieved 11 April 2021 .