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.
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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.
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.