Meta Platforms will invest $900M in Bengaluru‑based fintech CRED, valuing it at $4.5B, while appointing founder Kunal Shah as global head of WhatsApp. Shah succeeds Will Cathcart, who led WhatsApp for seven years. CRED, founded in 2018, offers services in payments, lending, insurance, and wealth management. Interim CEO Miten Sampat will oversee operations. The deal underscores Meta’s push into India’s digital economy, deepening fintech ties in WhatsApp’s largest market.
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Meta to Invest $900 Million in CRED, Names Kunal Shah Global WhatsApp Chief
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