June 22 : Meta Platforms will invest $900 million in Indian fintech startup CRED, valuing it at $4.5 billion, while tapping CRED's founder Kunal Shah to head WhatsApp globally, the companies said on Monday.India is WhatsApp's largest market, with more than 500 million users, and the platform is expanding beyo

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.

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…

Cred founder Kunal Shah will join WhatsApp as its global head after Meta announced a nearly $900 million investment in the fintech firm. This and more in todays ETtech Top 5.

Meta has reportedly named CRED founder Kunal Shah as the next head of WhatsApp, replacing Will Cathcart, and has also reportedly made a $900 million minority investment in CRED.…