Cred raises $215 mn to turn unicorn

Bank card reimbursement platform Cred on Tuesday mentioned it has closed a recent $215-million funding spherical, led by new investor Falcon Edge Capital and current backer Coatue Administration. With this funding that values the corporate at $2.2 billion, the fintech agency helmed by Kunal Shah joins the unicorn membership. Cred’s post-money valuation stood at $806 million in January after it secured about $81 million in capital from a clutch of traders.

Present traders DST World, RTP World, Tiger World, Greenoaks Capital, Dragoneer Funding Group and Sofina additionally participated within the newest funding, which is a part of the corporate’s collection D financing spherical. In addition to, new investor Perception Companions bought added to the agency’s cap desk. In all, traders have infused over $400 million within the firm.  FE

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