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Announced

Completed

Tiger Global Management and Falcon Edge Capital led a $251m Series E round in Cred.

Financials

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Transaction Value£182m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Completed

Private Equity

Private

Payments / Commerce

India

credit card payment

payment platforms

Single Bidder

Acquisition

Cross Border

Venture Capital

Friendly

Minority

Synopsis

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Investment firms Tiger Global Management and Falcon Edge Capital led a $251m Series E round in Cred, the fintech app founded by entrepreneur Kunal Shah. The company plans to use the funds to grow its existing range of products and expand financial services offerings for customers, said one of the people quoted above.

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