CRED, an Indian FinTech startup, has begin engaging with investors for its next raise at a $5.5bn valuation.
In Brief:
- CRED is a platform to help people improve their credit score by paying bills on time.
- It’s held talks with investors and reports a number of inbound requests.
- It has already finalised an investment of over $200mn from Tiger Global a few weeks ago.
What does this mean?
CRED has seen its valuation soar following the Tiger backing – previously it was valued at $3.76bn, and in January it was valued at $806mn.
