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.
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.
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