CRED
**Company Type:**
CRED is a fintech company that operates as a credit card payment platform in India.
**Industry:**
CRED operates in the financial technology industry, focusing on credit card payments and reward systems.
**Founded Year:**
The company was founded in 2018 by Kunal Shah.
**Detailed Information about the Founders:**
Kunal Shah, the founder of CRED, is a serial entrepreneur known for co-founding FreeCharge, which was later acquired by Snapdeal. He is a prominent figure in the Indian startup ecosystem.
**Information about Services:**
CRED’s main service is its platform that allows users to make credit card payments through a single interface. Additionally, the platform offers rewards and benefits to users who pay their credit card bills on time.
**Information about History:**
CRED was launched in 2018 with the aim of simplifying the credit card payment process for users in India. The company quickly gained popularity for its unique approach to incentivizing on-time payments.
**Information about Present:**
As of the present day, CRED continues to grow its user base and expand its offerings. The company has secured multiple rounds of funding and is valued at several billion dollars.
**Awards and Recognition:**
CRED has been recognized for its innovative approach to credit card payments and user rewards. The company has won several awards for its technology and impact on the fintech industry.
**Frequently Asked Questions:**
**1. How does CRED make money?**
CRED generates revenue through partnerships with credit card companies and by offering premium services to users.
**2. Is CRED safe to use?**
Yes, CRED follows industry best practices for data security and user privacy, making it a safe platform for credit card payments.
**3. What kind of rewards does CRED offer?**
CRED offers a range of rewards including cashback, discounts, and exclusive access to deals and offers from partner brands.
**4. Can I use CRED with any credit card?**
CRED supports a wide range of credit cards from major providers, allowing users to make payments with ease.
**5. How can I earn CRED coins?**
CRED coins are earned by making credit card payments on time and can be redeemed for various rewards and benefits within the platform.
**6. Does CRED charge any fees for using the platform?**
CRED does not charge users any fees for making credit card payments through its platform.