India’s CRED valued at $6.4 billion in new funding

CRED is raising $140 million in a new financing round, its fourth funding in the past year and a half, as the Indian fintech startup courts millions of high credit score customers and broadens its offerings.
GIC, Singapore’s sovereign wealth fund, is leading the Bengaluru-headquartered startup’s Series F financing round, which includes secondary transaction, the startup said Thursday evening. Existing backers Tiger Global, Sofina Ventures, Alpha Wave Ventures and Dragoneer also participated in the funding, which values CRED at $6.4 billion, up from $2.2 billion in April last year a

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