Meta’s $900 million investment in Cred and the reported appointment of founder Kunal Shah to a global role at WhatsApp marks a significant shift in how the messaging platform may evolve, according to the piece. The deal values Cred at $4.5 billion and signals Meta’s growing focus on integrating commerce, payments and financial services into WhatsApp, which has over 3 billion global users, including a large base in India.

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.…

Meta invests $900 million in CRED as founder Kunal Shah transitions to lead WhatsApp globally, enhancing India's fintech landscape.