Cred raises $251 million at $4 billion valuation

Fintech startup

Cred

has raised $251 million in funding in a round co-led by existing investors

Tiger Global

and Falconedge. Two new investors — Marshall Wace and Steadfast — joined the round. The funding values Cred at $4 billion, twice that in its previous funding round six months ago. Existing investors DST Global,

Insight Partners

, Coatue, Sofina, RTP, and Dragoneer participated too.


Cred was founded in 2018 by Kunal Shah, who previously founded

Freecharge

— which he sold to Snapdeal in 2015 for $400 million.