CRED’s Kunal Shah to become global CEO of WhatsApp, Meta invests about Rs 8,550 crore in fintech
Fintech startup CRED said on Monday that it would raise Rs 8,550 crore in a fundraising round led by Facebook parent Meta.
As part of the transaction, founder Kunal Shah will step down from his position as CEO and join the social media giant to oversee WhatsApp worldwide.
According to a statement from the company, Shah will become a member of Meta’s global leadership team while keeping his personal stake in Bengaluru-based CRED.
