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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. ....

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Michigan State Police ask public for help finding Calhoun County lawn equipment bandits

Michigan State Police are investigating stolen lawn equipment in Sheridan Township. ....

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Cred revenue grows 3.5x to Rs 1,400 crore, losses widen 5% to Rs 1,347 crore in FY23

While Cred has raised over Rs 8,000 crore to date, its cash reserves now stand at around Rs 2,050 crore. Based on its FY23 losses, this cash runway would last for the next three years. ....

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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. ....

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