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 the helm, there is a chance that WhatsApp's position in India, its largest market, will go beyond messaging into payments, commerce, and business services.

Meta is reportedly in talks to invest in Bengaluru-based fintech CRED at a valuation of around $4 billion, according to Moneycontrol.

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.

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.…