Cred in talks to raise new funds as valuation slips by over 30% to $4 billion : sources
Fintech startup Cred is in talks to raise $100–200 million at a reduced valuation of around $4 billion, down from $6.4 billion in 2022. Backed by investors like GIC and Peak XV, Cred is focusing on profitability and may consider an IPO in two years amid improved revenue and reduced cash burn.
Fintech startup Cred is in talks to raise $100–200 million at a reduced valuation of around $4 billion, down from $6.4 billion in 2022. Backed by investors like GIC and Peak XV, Cred is focusing on profitability and may consider an IPO in two years amid improved revenue and reduced cash burn.
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