Funding round
CRED Series H+
Reported as "Series H"
CRED, which works in credit card payment rewards services in Mumbai, raised $900M in a Series H+ round announced on 23 Jun 2026, led by Meta, at a $4.50B post-money valuation. 1 firm took part, 1 of them already investors. It is CRED's seventh venture round on record; the one before was a Series G in May 2025.
$900M
Amount raised
$4.50B
Post-money valuation
1
Investors
1 lead
1.3x
Step-up from the Series G
$3.50B in May 2025
20%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced CRED at $4.50B after the new money, 1.3 times the $3.50B of its Series G (May 2025). The $900M bought investors about 20% of the company. It came 13 months after CRED's Series G. It is 51% of the $1.78B CRED has raised in the venture rounds on record. No later venture round is on record for CRED.
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 9 Jun 2022, led by GIC $140M$6.40B post-money
- Series G 30 May 2025 $75M$3.50B post-money
- Series H+ this round 23 Jun 2026, led by Meta $900M$4.50B post-money
Investors
Who put money in
Meta led the round. Meta had backed CRED before.
Lead investor
- Meta existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
The closest in time: 1 in Payment Processing & Point of Sale, then Series H+ rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Airwallex Payment Processing & Point of Sale | 25 Jun 2026 | $320M | $11.00B | Addition |
| Anthropic Tech Companies | 28 May 2026 | $65.00B | $965.00B | Altimeter and Dragoneer Investment Group |
| Anduril Aerospace and Defence | 13 May 2026 | $5.00B | $61.00B | Thrive Capital and Andreessen Horowitz |
| Tech Companies | 8 Jul 2026 | $50M | not disclosed | Andreessen Horowitz |
| Flock Safety Alarms, Surveillance & Security Systems | 17 Apr 2026 | $200M | $8.40B | not named |
| Medical Supply Manufacturers | 12 Aug 2026 | $59M | not disclosed | not named |
| Zipline Airline Companies | 23 Mar 2026 | $800M | $7.60B | Fidelity Management & Research Company and Baillie Gifford |
| Oil & Gas - Extraction & Distribution | 3 Sep 2026 | $55M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did CRED raise in its Series H+ round?
CRED raised $900M in its Series H+ round, announced in Jun 2026.
Who led CRED's Series H+ round?
Meta led it.
What was CRED's valuation at the Series H+ round?
$4.50B post-money.