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Cred secured $125 mn in Series-A round

Cred, which is a FreeCharge founder Kunal Shah financial technology startup has now secured $65 Million as a part of a larger Series A funding round pegged at $125 Million, according to the report.

The report revealed the unnamed sources; the money was received from the Ribbit Capital, Sequoia Capital, and Yuri Milner Appoletto Asia.

China-based investment firm Hillhouse Capital and Tiger Global are even expected to account for the remainder of the targeted sum.

Cred is a members-only platform that rewards users for paying credit cards bill on time; Cred offers to discount on healthcare, shopping, travel, and some other services. For the reward, Cred has even partnered, among others, furniture rental platform Furlenco, travel booking site Ixigo and healthcare platform CureFit.

Also Read: Razorpay acquired AI startup Thirdwatch

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