# CRED

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cred

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.cred.club
- Total disclosed funding: $1.1B
- Latest round: Series G (May 27, 2025)
- Investors on record: 26

## About

Based in Bangalore, India, and founded in 2018, Dreamplug Technologies, trading under the name Cred, is a mobile application that offers rewards for its customers. The company was founded by Kunal Shah. In May 2025, CRED raised USD 75 million in series G funding led by returning investor GIC, with participation from other returning investors QED Innovation Labs, RTP Global and Sofina. The company's management also participated in the round. The company's product allows its card users to gain complete control of their credit cards. The platform offers member-exclusive rewards and experiences from brands upon paying their credit card bills. The company generates revenue by selling its product, credit card bill payment platform to its members. The company will use the May 2025 funding for further development.

## Funding rounds

- Series G, May 27, 2025, $75M — GIC, Sofina, RTP Global, QED Innovation Labs
- Series F, Jun 9, 2022, $80M — GIC, Sofina, Tiger Global Management, Alpha Wave Global, Dragoneer Investment Group
- Series E, May 3, 2022, $165M — AME Cloud Ventures, Alteria Capital, Cupola Venture Opportunities
- Series E, Dec 9, 2021, $248M — Insight Partners, Sofina, Marshall Wace, Tiger Global Management, Steadfast Capital Management, Coatue Management, DST Global, Alpha Wave Global, RTP Global, Dragoneer Investment Group
- Series D, Apr 6, 2021, $215M — Insight Partners, Sofina, Tiger Global Management, Greenoaks Capital, Coatue Management, DST Global, Alpha Wave Global, RTP Global, Dragoneer Investment Group
- Series C, Jan 29, 2021, $82M — General Catalyst Partners, Sofina, Tiger Global Management, Coatue Management, DST Global, Ribbit Capital, Peak XV Partners
- Series A, Aug 5, 2019, $65M — Hong Shan, Ribbit Capital, Apoletto
- Series B, Jul 27, 2019, $4M — Peak XV Partners
- Series B, Jul 25, 2019, $124M — General Catalyst Partners, Tiger Global Management, Greenoaks Capital, DST Global, Hillhouse Investment, RTP Global, Ribbit Capital, Dragoneer Investment Group, Peak XV Partners
- Series A, Jan 25, 2019, $0.5M — Rainmatter, Reddy Futures
- Series A, Sep 28, 2018, $25M — Hong Shan, DST Global, RTP Global, Ribbit Capital, Build Collective, Ganesh Ventures

## Investors

- Hong Shan — Series A
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series A, Series B, Series C, Series D, Series E
- RTP Global (https://capitalatlas.ai/funds/rtp-global) — Series A, Series B, Series D, Series E, Series G
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series A, Series B, Series C
- Build Collective (https://capitalatlas.ai/funds/build-collective) — Series A
- Ganesh Ventures (https://capitalatlas.ai/funds/ganesh-ventures) — Series A
- Rainmatter (https://capitalatlas.ai/funds/rainmatter) — Series A
- Reddy Futures — Series A
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series B, Series C
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B, Series C, Series D, Series E, Series F
- Greenoaks Capital (https://capitalatlas.ai/funds/greenoaks-capital) — Series B, Series D
- Hillhouse Investment (https://capitalatlas.ai/funds/hillhouse-investment) — Series B
- Dragoneer Investment Group (https://capitalatlas.ai/funds/dragoneer-investment-group) — Series B, Series D, Series E, Series F
- Peak XV Partners (https://capitalatlas.ai/funds/peak-xv-partners) — Series B, Series C
- Apoletto — Series A
- Sofina — Series C, Series D, Series E, Series F, Series G
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series C, Series D, Series E
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series D, Series E
- Alpha Wave Global (https://capitalatlas.ai/funds/alpha-wave-global) — Series D, Series E, Series F
- Marshall Wace (https://capitalatlas.ai/funds/marshall-wace) — Series E
- Steadfast Capital Management — Series E
- AME Cloud Ventures (https://capitalatlas.ai/funds/ame-cloud-ventures) — Series E
- Alteria Capital (https://capitalatlas.ai/funds/alteria-capital) — Series E
- Cupola Venture Opportunities — Series E
- GIC — Series F, Series G
- QED Innovation Labs — Series G