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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Kunal Shah-helmed fintech needs both growth and profitability to raise capital. But the two goals are contradictory and CRED will soon have to decide between raising at a reduced valuation or delaying the fundraise.
How does CRED make money?
That’s one thing many in the Indian fintech circles have been curious about. And understandably so. In its early years, the digital payments platform, founded by Kunal Shah, spent a lot more than it earned. CRED started out by helping its users pay credit card bills, rewarding them with cashback and discounts for timely payments. While this earned it a large user base of India’s most affluent, the question of whether it was getting any bang for its buck was often met with a shrug.
In the past three years, though, CRED has attempted …
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
India’s second-largest brokerage by active clients wants to handle IPOs as a merchant banker. But gaining a foothold in the highly competitive sector is easier said than done.
