Indian Fintech Startup Cred Raises $150M Series D, Valued at $2.2B

Mumbai-based fintech startup Cred secured $150 million in a Series D funding round led by Tiger Global on July 7, 2026. This latest injection pushes Cred’s valuation to $2.2 billion, solidifying its unicorn status, according to Bloomberg. The company plans to use the funds to expand its credit card management platform and invest in new financial products. Since its founding in 2018, Cred has rapidly grown its user base to over 10 million active members. The funding round also saw participation from existing investors Sequoia Capital India and Ribbit Capital. This deal highlights continued strong investor interest in India’s fintech sector, which has attracted over $5 billion in funding so far this year, Reuters reported.