Latest Updates on Kunal Shah

The platform operates a members-only financial rewards programme that targets users with high credit scores and offers them rewards and discounts

Shah will succeed Will Cathcart, who has led WhatsApp since 2019. Cathcart will move to a newly created division within Meta focused on building next-generation products

Meta acquires a minority stake in Cred through a $900 million investment and appoints founder Kunal Shah as global head of WhatsApp

The investment gives Meta a roughly 20 per cent stake in Cred, which operates an app that rewards customers for paying their credit card bills on time

Fintech firm upgrades Kuvera with new tools to improve investment discipline and performance, targeting affluent users with long-term portfolio management features

Fintech firm Cred receives RBI's final licence to operate as a payment aggregator, allowing it to onboard merchants and process payments across instruments

In a separate 63-page order, Sebi also dropped insider trading charges against Vinod Bahety, former head of M&A at the Adani Group, and three associated entities

Credit score was never designed to be a consumer product, instead it was made for banks to be able to lend without having to worry about the customer's behaviour, Kunal Shah said

The wallets support transactions up to Rs 10,000 per transfer with a daily limit of Rs 50,000

With 13 million users, Kunal Shah's Cred looks to diversify revenues, complementing payments, lending, and wealth management services

CRED members with credit scores above 750 will receive motor insurance at reduced premiums

Shah has invested in 266 startups, followed by Anupam Mittal, founder of shaadi.com, who has funded 213

"I think we should stop worshipping unicorns. We have to worship people who have large profit pools…" KUNAL SHAH, Founder & CEO, CRED

According to the report, Happay is giving impacted employees three months salary along with an extension of insurance coverage and some other additional benefits

Moreover, a user on Twitter shared a screenshot of the story in which the CEO responded to the question

The funds will be used to build a strong team, boost product development, and co-build powerful hiring solutions with early customers in India and the United States~

Carl Pei, the Swedish tech entrepreneur, is working on a stealth project that he plans to unveil this month