Cred Mint News Today

Cred valuation nearly doubles after $250-million funding Mumbai: Fintech startup Cred has raised $251 million in a Series E round co-led by Tiger Global Management and Falcon Edge Capital at a valuation of $4.01 billion, the company said in a statement to ET. The round nearly doubles the Bengaluru-based startup’s valuation from $2.2 billion in

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.

Three people in the know told ET that while the banking regulator has not spelt out any statement on the fledgling sector explicitly, back channel conversations between companies and the regulator have made many startups course correct.

While theoretical risks of borrower defaults exist, P2P lending platforms have taken measures to mitigate such risks.

It's Fourth of July weekend in Orlando; here are fireworks and events for celebrating Independence Day around Central Florida.

Southern come back just yet and, they really should because we are open for. business but until we get that people have lost their jobs, they can make that payment, they cant make that red mint, they can make a mortgage payment and therefore no fault to their own, theyre getting behind in their payments. the debt is accumulating. its a tremendous dressed 20 for them. and landlords im getting paid, and many of these are the big landlords, that we think about new york city. a lot of these are new ...

Cred Mint, launched in partnership with P2P non-bank LiquiLoans, will allow users to invest their savings in a capital pool, which will then be used to on-lend to other customers on the platform seeking personal loans.