CRED valuation, funding and investors
CRED works in credit card payment rewards services, based in Mumbai, India. Founded in 2018, it has about 2,250 employees.
- Last round
- Series H+ · $900M · Jun 2026
- Valuation at last round
- $4.50B
- Headcount
- 2,252 · up
- Grade
- A
- Founded
- 2018
CRED valuation today
VCMC values CRED at $4.9B today, with a range of $3.9B to $6.7B and a grade of A. The valuation starts from its last funding round, a Series H+ round in Jun 2026.
Valuation by date (114 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2018 | $4.55M | $1.66M – $12.5M | $6.24M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2018 | $4.67M | $1.70M – $12.8M | $6.41M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2018 | $4.79M | $1.74M – $13.2M | $6.56M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2018 | $4.92M | $1.79M – $13.5M | $6.74M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2018 | $5.05M | $1.84M – $13.9M | $6.92M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2018 | $5.18M | $1.89M – $14.2M | $7.11M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2018 | $5.32M | $1.94M – $14.6M | $7.29M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2018 | $5.46M | $1.99M – $15.0M | $7.37M (+35%) | before first round | – | unknown | D | 0% |
| 1 Sep 2018 | $5.61M | $2.04M – $15.4M | $7.43M (+32%) | before first round | – | unknown | D | 0% |
| 1 Oct 2018 | $5.76M | $2.10M – $15.8M | $7.50M (+30%) | before first round | – | unknown | D | 0% |
| 1 Nov 2018 | $5.92M | $2.15M – $16.3M | $7.57M (+28%) | before first round | – | unknown | D | 0% |
| 1 Dec 2018 | $6.07M | $2.21M – $16.7M | $7.64M (+26%) | before first round | – | unknown | D | 0% |
| 1 Jan 2019 | $6.24M | $2.27M – $17.1M | $7.71M (+24%) | before first round | – | unknown | D | 0% |
| 1 Feb 2019 | $6.41M | $2.33M – $17.6M | $7.78M (+21%) | before first round | – | unknown | D | 0% |
| 1 Mar 2019 | $6.56M | $2.39M – $18.0M | $7.84M (+19%) | before first round | – | unknown | D | 0% |
| 1 Apr 2019 | $6.74M | $2.45M – $18.5M | $7.91M (+17%) | before first round | – | unknown | D | 0% |
| 1 May 2019 | $6.92M | $2.52M – $19.0M | $7.98M (+15%) | before first round | – | unknown | D | 0% |
| 1 Jun 2019 | $7.11M | $2.59M – $19.5M | $8.06M (+13%) | before first round | – | unknown | D | 0% |
| 1 Jul 2019 | $7.29M | $2.66M – $20.0M | $8.13M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2019 | $7.37M | $2.68M – $20.2M | $8.20M (+11%) | before first round | – | unknown | D | 0% |
| 27 Aug 2019 | $450M | $391M – $776M | $675M (+50%) | after a round | – | unknown | B | 0% |
| 1 Sep 2019 | $453M | $391M – $776M | $675M (+49%) | after a round | – | unknown | B | 0% |
| 1 Oct 2019 | $468M | $391M – $776M | $675M (+44%) | after a round | – | unknown | B | 0% |
| 1 Nov 2019 | $485M | $391M – $776M | $675M (+39%) | after a round | – | unknown | B | 0% |
| 1 Dec 2019 | $501M | $391M – $776M | $675M (+35%) | after a round | – | unknown | B | 0% |
| 1 Jan 2020 | $519M | $391M – $776M | $675M (+30%) | after a round | – | unknown | B | 0% |
| 1 Feb 2020 | $537M | $391M – $776M | $675M (+26%) | after a round | – | unknown | B | 0% |
| 1 Mar 2020 | $554M | $391M – $776M | $675M (+22%) | after a round | – | unknown | B | 0% |
| 1 Apr 2020 | $574M | $391M – $776M | $675M (+18%) | after a round | – | unknown | B | 0% |
| 1 May 2020 | $593M | $391M – $776M | $675M (+14%) | after a round | – | unknown | B | 0% |
| 1 Jun 2020 | $614M | $391M – $776M | $675M (+10%) | after a round | – | unknown | B | 0% |
| 1 Jul 2020 | $635M | $391M – $776M | $675M (+6%) | after a round | – | unknown | B | 0% |
| 1 Aug 2020 | $657M | $391M – $776M | $675M (+3%) | after a round | – | unknown | B | 0% |
| 1 Sep 2020 | $675M | $387M – $776M | $675M (0%) | after a round | – | unknown | B | 0% |
| 1 Oct 2020 | $675M | $371M – $776M | $675M (0%) | after a round | – | unknown | B | 0% |
| 1 Nov 2020 | $675M | $355M – $776M | $675M (0%) | after a round | – | unknown | B | 0% |
| 1 Dec 2020 | $675M | $340M – $776M | $675M (0%) | after a round | – | unknown | B | 0% |
| 1 Jan 2021 | $675M | $326M – $776M | $675M (0%) | after a round | 290 | unknown | B | 0% |
| 5 Jan 2021 | $807M | $701M – $1.2B | $1.0B (+30%) | after a round | 290 | unknown | A | 0% |
| 1 Feb 2021 | $822M | $701M – $1.2B | $1.0B (+27%) | after a round | 290 | unknown | A | 0% |
| 1 Mar 2021 | $839M | $701M – $1.2B | $1.0B (+25%) | after a round | 290 | unknown | A | 0% |
| 1 Apr 2021 | $858M | $701M – $1.2B | $1.0B (+22%) | after a round | 290 | unknown | A | 0% |
| 7 Apr 2021 | $2.2B | $1.9B – $3.3B | $2.9B (+30%) | after a round | 290 | unknown | A | 0% |
| 1 May 2021 | $2.2B | $1.9B – $3.3B | $2.9B (+28%) | after a round | 290 | unknown | A | 0% |
| 1 Jun 2021 | $2.3B | $1.9B – $3.3B | $2.9B (+25%) | after a round | 290 | unknown | A | 0% |
| 1 Jul 2021 | $2.3B | $1.9B – $3.3B | $2.9B (+22%) | after a round | 290 | unknown | A | 0% |
| 1 Aug 2021 | $2.4B | $1.9B – $3.3B | $2.9B (+20%) | after a round | 290 | unknown | A | 0% |
| 1 Sep 2021 | $2.4B | $1.9B – $3.3B | $2.9B (+17%) | after a round | 290 | unknown | A | 0% |
| 1 Oct 2021 | $2.5B | $1.9B – $3.3B | $2.9B (+14%) | after a round | 290 | unknown | A | 0% |
| 19 Oct 2021 | $4.0B | $3.5B – $6.0B | $5.2B (+30%) | after a round | 290 | unknown | A | 0% |
| 1 Nov 2021 | $4.1B | $3.5B – $6.0B | $5.2B (+29%) | after a round | 290 | unknown | A | 0% |
| 1 Dec 2021 | $4.1B | $3.5B – $6.0B | $5.2B (+26%) | after a round | 290 | unknown | A | 0% |
| 1 Jan 2022 | $4.2B | $3.5B – $6.0B | $5.2B (+23%) | after a round | 290 | unknown | A | 0% |
| 1 Feb 2022 | $4.3B | $3.5B – $6.0B | $5.2B (+20%) | after a round | 290 | unknown | A | 0% |
| 1 Mar 2022 | $4.4B | $3.5B – $6.0B | $5.2B (+18%) | after a round | 860 | growing | A | 0% |
| 1 Apr 2022 | $4.5B | $3.5B – $6.0B | $5.2B (+15%) | after a round | 860 | growing | A | 0% |
| 1 May 2022 | $4.6B | $3.5B – $6.0B | $5.2B (+13%) | after a round | 860 | growing | A | 0% |
| 1 Jun 2022 | $4.7B | $3.5B – $6.0B | $5.2B (+11%) | after a round | 860 | growing | A | 0% |
| 10 Jun 2022 | $6.4B | $5.6B – $9.6B | $8.3B (+30%) | after a round | 860 | growing | A | 0% |
| 1 Jul 2022 | $6.5B | $5.6B – $9.6B | $8.3B (+28%) | after a round | 860 | growing | A | 0% |
| 1 Aug 2022 | $6.6B | $5.6B – $9.6B | $8.3B (+25%) | after a round | 860 | unknown | A | 0% |
| 1 Sep 2022 | $6.8B | $5.6B – $9.6B | $8.3B (+22%) | after a round | 860 | unknown | A | 0% |
| 1 Oct 2022 | $6.9B | $5.6B – $9.6B | $8.3B (+20%) | after a round | 860 | unknown | A | 0% |
| 1 Nov 2022 | $7.1B | $5.6B – $9.6B | $8.3B (+17%) | after a round | 860 | unknown | A | 0% |
| 1 Dec 2022 | $7.3B | $5.6B – $9.6B | $8.3B (+15%) | after a round | 860 | unknown | A | 0% |
| 1 Jan 2023 | $7.4B | $5.6B – $9.6B | $8.3B (+12%) | after a round | 860 | unknown | A | 0% |
| 1 Feb 2023 | $7.6B | $5.6B – $9.6B | $8.3B (+10%) | after a round | 860 | unknown | A | 0% |
| 1 Mar 2023 | $7.7B | $5.6B – $9.6B | $8.3B (+7%) | after a round | 860 | unknown | A | 0% |
| 1 Apr 2023 | $7.9B | $5.6B – $9.6B | $8.3B (+5%) | after a round | 860 | unknown | A | 0% |
| 1 May 2023 | $9.1B | $5.6B – $11.0B | $9.5B (+4%) | after a round | 1,600 | growing | B | 0% |
| 1 Jun 2023 | $9.5B | $5.6B – $11.0B | $9.5B (+1%) | after a round | 1,600 | growing | B | 0% |
| 1 Jul 2023 | $9.5B | $5.6B – $11.0B | $9.5B (0%) | after a round | 1,600 | growing | B | 0% |
| 1 Aug 2023 | $9.5B | $5.7B – $11.0B | $9.5B (0%) | after a round | 1,600 | growing | B | 0% |
| 1 Sep 2023 | $9.5B | $5.1B – $11.0B | $9.5B (0%) | after a round | 1,600 | unknown | B | 0% |
| 1 Oct 2023 | $9.5B | $4.9B – $11.0B | $9.5B (0%) | after a round | 1,600 | unknown | B | 0% |
| 1 Nov 2023 | $9.5B | $4.7B – $11.0B | $9.5B (0%) | after a round | 1,600 | unknown | B | 0% |
| 1 Dec 2023 | $9.5B | $4.6B – $11.0B | $9.5B (0%) | after a round | 1,600 | unknown | B | 0% |
| 1 Jan 2024 | $9.5B | $4.4B – $11.0B | $9.5B (0%) | after a round | 1,600 | unknown | B | 0% |
| 1 Feb 2024 | $9.5B | $4.3B – $11.0B | $9.5B (0%) | after a round | 1,600 | unknown | B | 0% |
| 1 Mar 2024 | $9.5B | $4.1B – $11.0B | $9.5B (0%) | after a round | 1,600 | unknown | B | 0% |
| 1 Apr 2024 | $9.8B | $5.7B – $11.3B | $9.8B (0%) | after a round | 1,800 | up | B | 0% |
| 1 May 2024 | $9.8B | $5.7B – $11.3B | $9.8B (0%) | after a round | 1,800 | up | B | 0% |
| 1 Jun 2024 | $9.8B | $5.7B – $11.3B | $9.8B (0%) | after a round | 1,800 | up | B | 0% |
| 1 Jul 2024 | $9.8B | $5.2B – $11.3B | $9.8B (0%) | after a round | 1,800 | up | B | 0% |
| 1 Aug 2024 | $9.8B | $5.1B – $11.3B | $9.7B (-1%) | after a round | 1,800 | up | B | 0% |
| 1 Sep 2024 | $9.9B | $5.0B – $11.4B | $9.8B (-1%) | after a round | 1,900 | up | B | 0% |
| 1 Oct 2024 | $9.9B | $4.9B – $11.4B | $9.8B (-1%) | after a round | 1,900 | up | B | 0% |
| 1 Nov 2024 | $9.9B | $2.9B – $11.4B | $9.6B (-3%) | after a round | 1,900 | flat | C | 0% |
| 1 Dec 2024 | $9.9B | $2.7B – $11.4B | $9.5B (-4%) | after a round | 1,900 | flat | C | 0% |
| 1 Jan 2025 | $9.9B | $2.6B – $11.4B | $9.5B (-4%) | after a round | 1,900 | flat | C | 0% |
| 1 Feb 2025 | $9.9B | $2.5B – $11.4B | $9.4B (-5%) | after a round | 1,900 | flat | C | 0% |
| 1 Mar 2025 | $9.9B | $2.4B – $11.4B | $9.3B (-6%) | after a round | 1,900 | flat | C | 0% |
| 1 Apr 2025 | $9.9B | $2.2B – $11.4B | $9.3B (-6%) | after a round | 1,900 | flat | C | 0% |
| 1 May 2025 | $9.9B | $2.1B – $11.4B | $9.2B (-7%) | after a round | 1,900 | flat | C | 0% |
| 31 May 2025 | $3.5B | $3.0B – $5.2B | $4.6B (+30%) | after a round | 1,900 | flat | A | 0% |
| 1 Jun 2025 | $3.5B | $3.0B – $5.2B | $4.6B (+30%) | after a round | 1,900 | flat | A | 0% |
| 1 Jul 2025 | $3.6B | $3.0B – $5.2B | $4.6B (+27%) | after a round | 1,900 | flat | A | 0% |
| 1 Aug 2025 | $3.7B | $3.0B – $5.2B | $4.6B (+24%) | after a round | 2,023 | up | A | 0% |
| 1 Sep 2025 | $3.7B | $3.0B – $5.3B | $4.6B (+22%) | after a round | 2,065 | up | A | 0% |
| 1 Oct 2025 | $3.8B | $3.0B – $5.3B | $4.6B (+19%) | after a round | 2,065 | flat | A | 0% |
| 1 Nov 2025 | $3.9B | $3.0B – $5.3B | $4.6B (+17%) | after a round | 2,116 | up | A | 0% |
| 1 Dec 2025 | $4.0B | $3.0B – $5.3B | $4.6B (+15%) | after a round | 2,156 | up | A | 0% |
| 1 Jan 2026 | $4.1B | $3.0B – $5.3B | $4.6B (+12%) | after a round | 2,156 | up | A | 0% |
| 1 Feb 2026 | $4.2B | $3.0B – $5.3B | $4.6B (+9%) | after a round | 2,176 | up | A | 0% |
| 1 Mar 2026 | $4.3B | $3.0B – $5.3B | $4.6B (+7%) | after a round | 2,176 | up | A | 0% |
| 1 Apr 2026 | $4.4B | $3.0B – $5.3B | $4.6B (+5%) | after a round | 2,176 | up | A | 0% |
| 1 May 2026 | $4.5B | $3.0B – $5.3B | $4.6B (+2%) | after a round | 2,176 | up | A | 0% |
| 1 Jun 2026 | $4.7B | $3.0B – $5.4B | $4.7B (0%) | after a round | 2,290 | up | A | 0% |
| 24 Jun 2026 | $4.5B | $3.9B – $6.7B | $5.8B (+30%) | after a round | 2,290 | up | A | 0% |
| 1 Jul 2026 | $4.5B | $3.9B – $6.7B | $5.8B (+29%) | after a round | 2,290 | up | A | 0% |
| 1 Aug 2026 | $4.6B | $3.9B – $6.7B | $5.8B (+26%) | after a round | 2,269 | up | A | 0% |
| 1 Sep 2026 | $4.7B | $3.9B – $6.7B | $5.8B (+24%) | after a round | 2,257 | up | A | 0% |
| 1 Oct 2026 | $4.8B | $3.9B – $6.7B | $5.8B (+21%) | after a round | 2,252 | up | A | 0% |
| 24 Oct 2026 | $4.9B | $3.9B – $6.7B | $5.8B (+19%) | after a round | 2,252 | up | A | 0% |
Key facts about CRED
- Founded
- 2018
- Headquarters
- Mumbai, India
- Employees
- about 2,250 +9% in a year
- Total raised
- $1.78B
- Funding rounds
- 7
- Last round
- Series H Jun 2026
CRED was founded in 2018 by Kunal Shah.
CRED funding history
CRED has 7 funding rounds on record, from Aug 2019 to Jun 2026, $1.78B in total. The latest disclosed valuation is $4.50B post-money (Series H, Jun 2026).
$900M
$4.50B post-money
Series G 30 May 2025
With GIC, Sofina, RTP Global, Tiger Global, Alpha Wave Global, DF International.
Sources: thepaypers.com, techstartups.com
$75M
$3.50B post-money, below the round before
Series F 9 Jun 2022
Led by GIC; with Tiger Global, Sofina, FalconEdge, Dragoneer Investment Group, Alpha Wave Global, DF International.
Sources: techfundingnews.com, entrackr.com
$140M
$6.40B post-money
Series E 18 Oct 2021
Led by Tiger Global, Alpha Wave Global; with Marshall Wace, Steadfast Venture Capital, DST Global, Insight Partners, Coatue, Sofina, RTP Global, Dragoneer Investment Group.
Sources: fintechfutures.com, entrackr.com, techcrunch.com and 1 more
$251M
$4.01B post-money
Series D 6 Apr 2021
Led by Alpha Wave Global, Coatue; with Insight Partners, DST Global, RTP Global, Tiger Global, Greenoaks, Dragoneer Investment Group, Sofina.
Sources: electronicpaymentsinternational.com, techcrunch.com, medianama.com and 5 more
$215M
$2.20B post-money
Series C 4 Jan 2021
Led by DST Global; with Sequoia Capital, Ribbit, Tiger Global, General Catalyst, Sofina, Coatue, Times Internet, Sequoia Capital India. Individuals: Satyan Gajwani.
Sources: electronicpaymentsinternational.com, techcrunch.com, yourstory.com and 6 more
$81M
$806M post-money
Series B 26 Aug 2019
Led by Sequoia Capital, Ribbit, Gemini Investors, DST Global; with Tiger Global, Hillhouse, RTP Global, General Catalyst, Greenoaks, Dragoneer Investment Group, DF International, Anxa Holding, HH DTPL Holdings II Limited.
Sources: yourstory.com, techcrunch.com, thenewsminute.com and 1 more
$120M
$450M post-money
CRED investors
24 investors have backed CRED; Tiger Global, Alpha Wave Global and DST Global and 6 more led at least one round.
- Tiger Global lead, 6 rounds
- Alpha Wave Global lead, 4 rounds
- DST Global lead, 4 rounds
- Coatue lead, 3 rounds
- GIC lead, 2 rounds
- Ribbit lead, 2 rounds
- Sequoia Capital lead, 2 rounds
- Meta lead
- Sofina 5 rounds
- Dragoneer Investment Group 4 rounds
- DF International 3 rounds
- General Catalyst 2 rounds
- Greenoaks 2 rounds
- Insight Partners 2 rounds
- Anxa Holding
- FalconEdge
- HH DTPL Holdings II Limited
- Hillhouse
- Marshall Wace
- Sequoia Capital India
- Steadfast Venture Capital
- Times Internet
What CRED does
CRED works in payment processing & point of sale, with 14 recorded offerings and customers in financial services.
Dreamplug Technologies Pvt Ltd, known as CRED, is an Indian fintech company engaged in financial technology and payments, with a focus on reward-based credit card payments and financial services. The company provides a platform for credit card users to manage multiple cards, analyze credit scores, and track credit card payments. CRED also offers payment processing for merchants and users, supports payment aggregators and gateways, and enables users to make house rent payments and access short-term credit lines. The company serves individual users and merchants in India and is ISO certified.
Description from Veridion's company data.
Products and services
- Credit Card Payment Rewards Services
- Credit Card Management Services
- Credit Score Analysis Services
- Credit Card Spend Tracking Services
- AI-Powered Payment Protection Services
- Financial Decision Rewards Services
- Premium Experience Access Services
- Short-Term Credit Line Services
- House Rent Payment Services
- Digital Financial Product Distribution
- Merchant Payment Processing Services
- Payment Aggregator Services
- Multilingual Financial Services
- Mobile Financial Application Services
Markets
- Financial Services
Technology
- AI-Backed Credit Card Payment Tracking
Certifications
- ISO 27701:2019
- ISO 27001:2022
Business model
- Business-to-Consumer
- Software-as-a-Service
Industry codes (NAICS)
- 522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities 50% match
- 522291 Consumer Lending 30% match
- 541512 Computer Systems Design Services 20% match
Questions about CRED
What is CRED worth?
Valuation $4.9B (range $3.9B to $6.7B), as of 24 Oct 2026. The last disclosed valuation was $4.50B (Series H, Jun 2026).
Has CRED raised money?
CRED has 7 funding rounds on record, from Aug 2019 to Jun 2026, $1.78B in total. The latest disclosed valuation is $4.50B post-money (Series H, Jun 2026).
Who has invested in CRED?
Tiger Global, Alpha Wave Global, DST Global, Coatue, GIC and Ribbit, and 18 more. Lead investors include Tiger Global, Alpha Wave Global, DST Global and Coatue.
How many people work at CRED?
About 2,250, up 9% over the last year. Headcount grew from 290 in Jan 2021 to 2,252 in Sep 2026.
What does CRED do?
CRED works in payment processing & point of sale, with 14 recorded offerings and customers in financial services. Its main offerings are credit card payment rewards services, credit card management services and credit score analysis services.
When was CRED founded, and where is it based?
CRED was founded in 2018 and is based in Mumbai, India. It has about 2,250 employees, up 9% over the last year.