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CRED acquires Kuvera, marks entry into wealth management space

The latest deal would allow CRED to offer investment product like direct mutual funds, FDs, SIPs, and digital gold to its user base besides financial planning tools. The company has also been looking to expand its new insurance product under fintech arm DASPL.
Neelabh Sanyal Gaurav Rastogi Kunal Shah Arevuk Advisory Services Private Limited Kuvera Advisory Solutions Private Limited Morgan Stanley

cred: Cred's FY2023 revenue more than triples, losses grow marginally

While the companys revenues rose significantly, expenses shot up, too. In FY2023, the Bengaluru headquartered fintech reported total expenses of Rs 2,831 crore, a spike of 66% from the Rs 1,702 crore payout a year earlier. Most of this was driven by a jump in payment processing charges and employee benefit expenses.
Kunal Shah Offering College Northwestern University Indian School Of Business Tech Prowess High Value Skill

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