Cred raises $215 mn to show unicorn
Credit card compensation platform Cred on Tuesday mentioned it has closed a contemporary $215-million funding spherical, led by new investor Falcon Edge Capital and current backer Coatue Management. With this funding that values the corporate at $2.2 billion, the fintech agency helmed by Kunal Shah joins the unicorn membership. Cred’s post-money valuation stood at $806 million in January after it secured about $81 million in capital from a clutch of buyers.
Existing buyers DST Global, RTP Global, Tiger Global, Greenoaks Capital, Dragoneer Investment Group and Sofina additionally participated within the newest funding, which is a part of the corporate’s sequence D financing spherical. Besides, new investor Insight Partners obtained added to the agency’s cap desk. In all, buyers have infused over $400 million within the firm. FE
