CRED completed the acquisition of smallcase from Sequoia Capital for $400m.

CRED, a repayment platform for credit cards, completed the acquisition of smallcase, a capital markets-focussed financial technology startup, from Sequoia Capital, an American venture capital firm, for $400m. The development comes on the heels of CRED’s $140m, Singapore sovereign wealth fund GIC-led fundraising round in June at a valuation of $6.4bn. CRED is expected to use part of the proceeds to finance the acquisition.