CRED secures $806m valuation on the back of Series C raise

India-based FinTech CRED has secured $81m in a new Series C round and bought shares worth $1.2m from employees.

DST Global led the round and enjoyed the support from Sequoia Capital, Ribbit Capital, Tiger Global and General Catalyst as well as a few angel investors.

FinTech Global reported on the round back in December, but it has now been confirmed by TechCrunch.

The round pushes CRED’s valuation past the $806m mark.

CRED is the company behind and app rewarding customers for paying their credit card bills in time.

The news comes after a year in which CRED almost doubled its customer base to roughly 5.9 million.

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