Exclusive: CRED set to raise $75 Mn at $3.5 Bn valuation led by GIC

CRED to raise $75M at $3.5B valuation led by GIC, extending its fintech growth trajectory. CRED, the Indian fintech platform known for rewarding users for timely credit card bill payments, is reportedly in advanced stages of raising $75 million in a funding round. This new investment is expected to value the company at $3.5 billion, with Singapore's sovereign wealth fund GIC likely leading the round. The fresh capital infusion will further extend CRED's growth trajectory in the competitive fintech landscape, enabling it to expand its product offerings, strengthen its technology infrastructure, and acquire more users, solidifying its position in India's digital financial services ecosystem.