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Foreign influence increasing over India's fintech sector: GTRI on Meta's investment in Cred - The Economic Times
Think tank GTRI said that the deal gives Meta a foothold in one of the country's richest repositories of consumer financial-behaviour data, covering credit cards, loans, investments, insurance, and UPI transactions. On the other hand, it said China built its digital payments ecosystem through domestic champions such as Alipay and WeChat Pay, keeping ownership and strategic control within Chinese companies.
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techfundingnews.com
Why Meta wants CRED: The $4B fintech deal that could reshape India's payments industry — TFN
Meta is reportedly in talks to invest in Bengaluru-based fintech CRED at a valuation of around $4 billion, according to Moneycontrol.
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economictimes.indiatimes.com
Foreign influence increasing over India's fintech sector: GTRI on Meta's investment in Cred - The Economic Times
Think tank GTRI said that the deal gives Meta a foothold in one of the country's richest repositories of consumer financial-behaviour data, covering credit cards, loans,…
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Inside Meta's India investments: First Reliance, now Cred - The Economic Times
This was among the tech giant's biggest investments in the Indian startup ecosystem, which also shot Shah into the elite club of global tech leaders. Zooming out, here’s a look at…
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Why Meta’s Cred investment matters for WhatsApp Pay in India - The Economic Times
Meta's substantial investment in Cred and appointing its founder Kunal Shah as global head of WhatsApp signals a major push into India's fintech landscape. For Meta, with Shah at…
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Meta makes a $900 million super-app move in India
Cred founder Kunal Shah, a philosophy graduate, built his platform on exclusivity for high credit scorers, now processing over 40% of India's credit card bills. While Meta's…