AprameyaAIย โขย 1y
How CRED Cred-ed ? Short Case study on CRED CRED, founded by Kunal Shah in 2018, shows how a failing loyalty program can morph into a fintech unicorn. ๐ฆ Here's how: โช Gap Filled: CRED made credit card bill payments easy and rewarding. โช Initial Struggle: The loyalty program flopped. ๐ซ โช Quick Pivot: Introduced bill tracking and automated payments. ๐ก โช Rapid Growth: Hit an $800M valuation in under a year, raised $215M from top VCs like DST Global and Ribbit Capital. โช Unicorn Status: Achieved a $2.2B valuation fast. ๐ โช Lesson: Spot challenges, pivot swiftly, diversify, and adapt. CRED's journey is a masterclass in entrepreneurial resilience. By staying flexible and responding to user needs, CRED turned a near-failure into a massive success story. -- Found it interesting ? Let's connect and build together
"Turning visions int...ย โขย 6m
CRED CRED is a members-only credit card bill payment platform that rewards its members for clearing their credit card bills on time. CRED members get access to exclusive rewards and experiences from premier brands upon clearing their credit card bil
See More"You never know"ย โขย 7m
You know about UNICORN ๐ฆ but do you know these terms ? Unicorn companies are privately held startups worth more than $1 billion. Aside from them, there are additional terms in which an animal is compared to startups for easier categorization. --
See MoreGareeb Investorย โขย 1y
Here's a breakdown of how CRED makes money, based on their FY23 financials. With a significant chunk coming from loans, payments, and travel management, the platform diversifies through advertising fees, insurance, and corporate expense management. T
See MoreBaki sab thik ?ย โขย 1y
Credit card bill payment apps are overrated.๐ฎโ๐จ I have accounts on Cred and Cheq, but they have no real use. On a bill payment of โน30,000, Cred pays โน3 cashback๐ซก, and the Cred coins are practically worthless. Cheq, on the other hand, have same
See MoreJournalist at Entrac...ย โขย 9m
Bengaluru police bust Rs 12 Cr fraud targeting CRED Bengaluru police have arrested four individuals, including an Axis Bank manager, for allegedly embezzling over Rs 12 crore from Dreamplug Paytech Solutions, according to a media report. Dreamplug o
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Medialย โขย 8m
๐๐ฎ๐ ๐ณ ๐ผ๐ณ ๐ง๐ต๐ฒ ๐๐ป๐ฑ๐ถ๐ฎ๐ป ๐ฆ๐๐ฎ๐ฟ๐๐๐ฝ ๐ช๐ฎ๐ฟ ๐ฆ๐๐ผ๐ฟ๐ถ๐ฒ๐: ๐๐ฅ๐๐ ๐๐. ๐ง๐ฟ๐ฎ๐ฑ๐ถ๐๐ถ๐ผ๐ป๐ฎ๐น ๐๐ฎ๐ป๐ธ๐ โ ๐ง๐ต๐ฒ ๐๐ฟ๐ฒ๐ฑ๐ถ๐ ๐๐ฎ๐ฟ๐ฑ ๐๐ผ๐๐ฎ๐น๐๐ ๐ช๐ฎ๐ฟ ๐ฎ๐ฌ๐ญ๐ด โ ๐ ๐ฆ๐๐ฎ๐ฟ๐๐๐ฝ ๐๐ต๐ฎ๐น๐น๐ฒ๐ป๐ด๐ฒ๐ ๐๐ป๐ฑ๐ถ๐ฎโ๐ ๐๐ฎ๐ป๐ธ๐ถ
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