Here's how CRED members shaped financial progress in March:
45%: CRED members improved their credit scores
₹185 Cr: hidden charges detected
586,000: extra interest charges avoided
₹19.4 Cr: cash-back for paying bills on time
₹63.7 Cr: late fees avoided with reminders.
Our focus on helping CRED members progress financially and have access to a high-trust environment has given us a massive opportunity to shape responsible behaviour, imagine new use cases, and create a rewarding platform for members.
Our growth in the past year has demonstrated the potential value of the high-trust, low-friction platform the CRED team has been building and has earned conviction of investors. CRED has closed its Series D funding round of $215 at $2.2B valuation.
We see our fund raise as a responsibility to build a rewarding ecosystem for CRED members and and opportunity to share value with stakeholders. Hence, happy to also announce a USD 5 million ESOP buyback for the team members who have contributed in the CRED journey.
Back to work.

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Kunal Shah

Kunal Shah Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @kunalb11

1 Feb
I figured many people couldn’t join @elonmusk clubhouse room. So will share notes here:
1) 5.5 years before we get people to Mars.
Childhood existential crisis on why life exists and why are we here and hitchhiker guide to galaxy helped to point universe and need to have better questions. So expanding consciousness and multi planetary life seems like a good way to find answers.
Read 15 tweets
2 Apr 18
My reflections after watching Wild Wild Country:
1) Business is about providing what consumers want. Most of the consumer needs are driven by hormones. Drug Mafia and Godmen know how to get to the source and unlock wealth.
2) B2C organizations in India can make more money by focusing on nations with higher per capita versus Indian customers.
Read 22 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!