Kunal Shah exits Cred CEO seat for WhatsApp global head role as Meta takes 20% stake
Meta is investing $900M for a 20% stake in Cred at a $4.5B valuation, with founder Kunal Shah moving to lead WhatsApp globally. Miten Sampat steps in as interim CEO ahead of a planned IPO, even as Cred posted a ₹1,457 crore loss on ₹2,735 crore revenue in FY25.
What happened
Cred founder Kunal Shah is leaving the fintech to become global head of WhatsApp at Meta, which is investing $900 million for a 20% stake valuing Cred at $4.5
Key facts
- $900 million
- $4.5 billion
- 20% stake
- 1.7 crore MAU
- 40% of credit card bill payments
- ₹2,735 crore revenue FY25
- ₹1,457 crore loss FY25
Why this matters
Meta buying 20% of an Indian fintech while poaching its founder for WhatsApp global is a two-for-one: distribution rails into India's payments stack plus a founder-operator who knows the consumer credit playbook—expect WhatsApp Pay monetization to accelerate.