Credent Global Finance
28.50
-0.95(-3.23%)
Market Cap₹151.60 Cr
PE Ratio46.06
Company Performance:
1D-3.23%
1M-0.49%
6M+5.36%
1Y+10.04%
5Y+1,659.26%
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More news about Credent Global Finance
10Jun 25
CRED's Valuation Dips to $3.5 Billion in Latest Funding Round
Fintech startup CRED has secured $75 million in a Series G funding round led by GIC's Lathe Investment. The company's valuation has decreased by 45% to $3.50 billion compared to its 2022 valuation. Despite this, CRED continues to expand its services beyond credit card bill payments, now offering personal finance management, vehicle services, travel booking, and digital credit facilities against mutual fund holdings. The funding round closure indicates ongoing investor confidence in CRED's business model and growth potential.
27May 25
Cred Secures $75 Million Funding at Reduced $3.5 Billion Valuation
Cred, the fintech startup, is closing a $75 million funding round from existing investors GIC, Sofina Ventures, and RTP Global at a $3.5 billion valuation, down from its previous $6.5 billion valuation. Despite the valuation drop, Cred reported a 66% increase in revenue to Rs 2,473 crore and narrowed operating losses. The company has also launched new products, Svalbard and Cred Money, as part of its expansion strategy.
Credent Global Finance
28.50
-0.95
(-3.23%)
1 Year Returns:+10.04%
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