Meta invested $900 million in India’s Cred at a $4.5 billion valuation and hired Cred founder Kunal Shah to help oversee WhatsApp. The deal gives Meta a minority stake while Cred says Meta will not get access to customer information. The transaction underscores Meta’s push into fintech and management reshuffling around WhatsApp, with likely limited direct near-term market impact.
Meta invested $900 million in India’s Cred at a $4.5 billion valuation and hired Cred founder Kunal Shah to help oversee WhatsApp. The deal gives Meta a minority stake while Cred says Meta will not get access to customer information. The transaction underscores Meta’s push into fintech and management reshuffling around WhatsApp, with likely limited direct near-term market impact.
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