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Meta to invest $900 million in Cred; Founder Kunal Shah to be global CEO of WhatsApp - 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.
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thenextweb.com
Meta buys into Cred and names a new WhatsApp boss
Meta is investing $900mn in India's Cred for a ~20% stake, and making founder Kunal Shah the new head of WhatsApp, replacing Will Cathcart.
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economictimes.indiatimes.com
Meta to invest $900 million in Cred; Founder Kunal Shah to be global CEO of WhatsApp - 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…
