Funding round
CRED Series F
CRED, which works in credit card payment rewards services in Mumbai, raised $140M in a Series F round announced on 9 Jun 2022, led by GIC, at a $6.40B post-money valuation. 7 firms took part, 5 of them already investors. It is CRED's fifth venture round on record; the one before was a Series E in Oct 2021.
$140M
Amount raised
$6.40B
Post-money valuation
$6.26B pre-money
7
Investors
1 lead
1.6x
Step-up from the Series E
$4.01B in Oct 2021
2.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced CRED at $6.40B after the new money, 1.6 times the $4.01B of its Series E (Oct 2021). The $140M bought investors about 2.2% of the company. It came 8 months after CRED's Series E. It is 7.9% of the $1.78B CRED has raised in the venture rounds on record. CRED raised again 35 months later: a Series G round of $75M in May 2025, at $3.50B post-money.
CRED's funding rounds
CRED has 7 venture rounds on record. This one is highlighted.
- Series B 26 Aug 2019, led by Sequoia Capital, Ribbit and Gemini Investors $120M$450M post-money
- Series C 4 Jan 2021, led by DST Global $81M$806M post-money
- Series D 6 Apr 2021, led by Alpha Wave Global and Coatue $215M$2.20B post-money
- Series E 18 Oct 2021, led by Tiger Global and Alpha Wave Global $251M$4.01B post-money
- Series F this round 9 Jun 2022, led by GIC $140M$6.40B post-money
- Series G 30 May 2025 $75M$3.50B post-money
- Series H+ 23 Jun 2026, led by Meta $900M$4.50B post-money
Investors
Who put money in
GIC led the round with 6 other firms. GIC, Tiger Global, Sofina and FalconEdge and 1 more had backed CRED before.
Lead investor
- GIC backs 98 venture-backed companies existing investor
Also in the round
- Tiger Global backs 391 venture-backed companies existing investor
- Sofina backs 45 venture-backed companies existing investor
- FalconEdge existing investor
- Dragoneer Investment Group backs 82 venture-backed companies existing investor
- Alpha Wave Global backs 78 venture-backed companies new investor
- DF International new investor
Comparable rounds
How it compares
The closest in time, other companies' Series F rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 24 Jun 2022 | $80M | not disclosed | Asia Partners |
| SpotOn Payment Processing & Point of Sale | 18 May 2022 | $300M | $3.60B | Dragoneer Investment Group |
| Razorpay Payment Processing & Point of Sale | 20 Dec 2021 | $375M | $7.50B | Lone Pine Capital and Alkeon |
| Tipalti Payment Processing & Point of Sale | 8 Dec 2021 | $270M | $8.30B | G Squared |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did CRED raise in its Series F round?
CRED raised $140M in its Series F round, announced in Jun 2022.
Who led CRED's Series F round?
GIC led it, with Tiger Global, Sofina, FalconEdge, Dragoneer Investment Group and Alpha Wave Global and 1 more.
What was CRED's valuation at the Series F round?
$6.40B post-money ($6.26B pre-money).
Did CRED raise again after this round?
Yes: a Series G round in May 2025 of $75M at $3.50B post-money.