CRED to raise $900 million from Meta at $4.5 billion valuation

Reuters··Read original
3▲1 ▼0Impact / 5
Summary · why it matters

Indian fintech firm CRED said on Monday it will raise about $900 million from Meta Platforms at a post-money valuation of $4.5 billion, as it seeks to accelerate growth and prepare for an eventual stock market listing.

Impact on assets 1

Spatial Computing / AR/VR▲ · 1 stocks
Meta Platforms Inc.
META
▲ PositiveCapitalrelevance

Meta is investing $900 million in CRED, a strategic capital deployment.

Off-coverage companies 1

CredPrivate▲ Positive
Capitalrelevance

CRED raised $900 million at a $4.5 billion valuation, boosting its financial position and IPO prospects.

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