DST Global led a $80m Series B funding round in CRED.

DST Global, an Internet investment firm, led a $80m Series B funding round in CRED, a repayment platform for credit cards. Additional investors are Ribbit Capital, Sequoia Capital, and Tiger Global. The company also offers flexible, low-interest, instant loans via its CRED Stash product, and allows members to pay their monthly rents on credit as part of its CRED RentPay service.CRED has also been aggressive on the marketing efforts over the past few months. It had also won rights to official sponsorship of the recently concluded Indian Premier League.