CRED

Fintech company Cred has acqui-hired the founding team of YCombinator-backed personal finance app, Spenny. As a part of the arrangement, some founding team members, including Spenny founder Rathin Shah, will be joining the Cred product team…

GoKwik has partnered with Cred to extend the latter’s payment options to direct-to-consumer (D2C) brands on its platform. This tie-up marks a step towards enhancing the online shopping experience and enabling trust for D2C merchants on the…

Hi, this is Tarush Bhalla in Bengaluru. Over the last couple of weeks, we have been writing about how credit is becoming the cornerstone of any fintech business in India. While first-generation credit fintechs are gunning for profitability,…

Happy Monday! Capital markets regulator Securities and Exchange Board of India (Sebi) has sought suggestions from venture capital and private equity funds to potentially simplify regulations for the sector. This and more in today’s ETtech…

Kunal Shah's Cred is expanding its lending strategy as it looks to tap a wider user base beyond the top layer of customers and offer a wider use case for credit. In a major change to the company's lending strategy, Cred plans to tap into…

Corporate expense management platform Happay, owned by credit Card bill payment provider CRED, has cut nearly 35 per cent of its workforce. The job cuts are reportedly part of a restructuring exercise. Founded in 2012, Happayprovides…

Abhishek Ganguly, outgoing India and Southeast Asia managing director of Puma, has raised Rs 430 crore — around $52 million — for his new venture Agilitas Sports. This and more in today’s ETtech Top 5.Also in this letter■ MeitY to lead…

Cred-owned expense management solutions provider Happay is laying off a number of employees, the latest startup to do so in an effort to cut costs, three people told ET, requesting anonymity in order to speak freely. The exact number of…

Kunal Shah-owned Newtap Technologies, which acquired Parfait Finance, an RBI-registered NBFC, is in talks to raise equity capital from Cred’s existing investors.This and more in today's ETtech Top 5.Also in this letter:■ Indian startup…

CRED has launched peer-to-peer (P2P) payments on UPI. With CRED UPIP2P, users will get access to “a trusted and rewarding payment experience” when they ‘pay anyone’ from their contact list. This includes both Cred members and non-members…