India Fintech App Cred Raises Funds at $2.2 Billion Valuation
- Firm raises $215 million in round led by Falcon Edge, Coatue
- App rewards customers for paying credit-card bills on time
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Financial-technology provider Cred completed a fundraising round valuing the company at $2.2 billion, another unicorn to emerge from India’s red-hot startup scene.
The $215 million Series D round was led by new investor Falcon Edge Capital LP and existing backer Coatue Management LLP, Cred said in an emailed statement Tuesday. DST Global, Tiger Global and Greenoaks Capital were also among existing investors participating.