CRED - Indian fintech company

Indian fintech company CRED is located in Bangalore. It is a credit card payment app that utilizes Kunal Shah's rewards program, which was started in 2018.

CRED - Indian fintech company

CRED is a platform that was established in 2018 where you may pay your credit card bills and earn rewards. Users now receive "CRED coins" when they pay their bills via the CRED app, according to a novel business model developed by the platform. These coins can then be used to make purchases, participate in contests, or enroll in workshops. Cred also allows customers to pay their rent on their properties and provides short-term credit lines.

The Bangalore-based firm offers its clients a wide range of services, including financing and a luxury goods selection. By offering rewards, the company believes that people's financial conduct will advance. CRED is the newest Indian startup, according to TechCrunch, with a valuation of over $2.2 billion. More than 6 million clients and around 22% of credit card holders use this 2-year-old firm. The company is one of the most talked-about startups and is targeting wealthy customers, according to founder and CEO Kunal Shah. 

There aren't many high-end specialty firms that can sustain consistent growth over time. Thanks to the features CRED promises to offer, more than a thousand merchants will be able to accept CRED currencies. The business also intends to launch an online shop. The company's goals go far beyond simply awarding reward coins to customers.