Cred nears 10M biometric UPI users as Meta eyes stake at $4B valuation
Cred's biometric UPI authentication, launched in March, is approaching 10 million users as the fintech pushes beyond credit-card bills. FY25 revenue rose 16% to ₹2,735 crore while losses narrowed 51% to ₹298 crore. Meta is reportedly in talks to invest at a $4 billion valuation.
What happened
Cred nears 10 million users on biometric UPI authentication launched in March, as it expands payments beyond credit-card bills. FY25 revenue rose 16% to ₹2,735
Key facts
- 10 million biometric UPI users
- 12.6 million MTUs FY25
- TPV ₹8.5 trillion
- revenue ₹2,735 crore FY25 +16%
- losses ₹298 crore -51%
- Meta talks at $4 billion valuation
- 0.68% UPI volume share
- $72 million raised June 2025
Why this matters
Meta's reported stake at $4B reframes Cred as a strategic distribution asset for global fintech and social-commerce ambitions in India, raising the bar for any competing partnership or acquisition approach.
Also reported by
- Mint · Companies — Same time