Meta leads $900M Series H in CRED at $4.5B valuation

Indian fintech startup CRED is raising approximately $900 million in a new Series H funding round led by Meta, structured as a mix of primary and secondary share purchases. The company disclosed that the transaction values CRED at about $4.5 billion post-money, up from roughly $3.5 billion in its 2025 round but still below its 2022 peak valuation of $6.4 billion. The pre-money valuation for this round is around $4.03 billion, and the capital will be used to accelerate growth, enhance institutional capabilities, and strengthen CRED’s position across its financial services offerings. As part of the deal, Meta will join the cap table as a minority investor and will not receive access to CRED’s customer or member data.

The $900 million Series H round is being led solely by Meta, which is providing both primary capital into the company and secondary liquidity for existing shareholders, including early investors and employees. According to reports, roughly $500 million of the round is primary capital while about $400 million is secondary, enabling early and large investors, as well as employees, to partially cash out. This financing marks one of the largest late-stage rounds for an Indian fintech in recent years and resets CRED’s valuation above its last down round amid broader scrutiny on profitability and revenue quality in the sector. CRED’s founder and CEO Kunal Shah will step away from his operating role at the company while retaining his personal shareholding, as he transitions to Meta’s global leadership team to head WhatsApp. In turn, CRED’s long-time strategy and finance head, Miten Sampat, has been appointed interim CEO with immediate effect, signaling a new phase of institutional leadership as the company scales with fresh capital.