Meta backs Cred with $900M at $4.5B valuation as Kunal Shah exits to lead WhatsApp globally

Meta is investing nearly $900 million (Rs 8,550 crore) in Indian fintech Cred at a $4.5 billion valuation. Founder Kunal Shah steps away from day-to-day operations to become global head of WhatsApp, with Miten Sampat taking over as Cred CEO.

— FiledTue, 23 Jun, 2026, 01:21 IST·First seen Tue, 23 Jun, 2026, 01:20 IST·Source Moneycontrol

What happened

Meta is investing ~$900 million in Indian fintech Cred at a $4.5 billion valuation, while founder Kunal Shah exits operations to become global head of WhatsApp.

Key facts

  • $900 million
  • Rs 8,550 crore
  • $4.5 billion valuation

Why this matters

Meta's cheque plus Shah running WhatsApp globally signals a payments-and-commerce play in India—expect tighter Cred-WhatsApp rails and reassess partnership or competitive exposure now.

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