Cred

Introduction
Kunal Shah, the founder of Free Charge, founded Cred, a fintech unicorn startup. Cred is now
located in Bengaluru and is valued at 2.2 billion US dollars. The goal of placing this startup
was to automate day-to-day transactions and help kickstart the credit revolution, similar to the
credit-dependent economy of the United States. With the country's rising middle class, Cred
was founded in 2018 when the moment was right to boost India's youthful credit card user
base. Cred, as a company, operates through its app to facilitate its customers' credit card
transactions and reward them with Cred Coins, which can then be used within the app to earn
discounts and cashbacks.

Cred, in a nutshell, rewards its users for paying their credit card bills on time. Cred also
provides services such as Cred Stash, which provides its users with a credit line, and Cred
Rent pay, which allows them to pay rent with a credit card. Its founder's mission is to make
India a creditworthy country by paying credit obligations on time and increasing credit
scores.

Today, in our fast-paced world, there are several monthly payments to make, particularly
credit payments such as the EMI of a new automobile, a new house, or even a new mobile
phone acquired with a credit card.

Such payments are critical, and failing to meet such deadlines might result in substantial late
fees levied by the bank. Believe it or not, the substantial fees charged for late payments are a
credit card company's main source of income. This is where Cred comes into play, making it
simple and straightforward for anybody to pay their credit card payments on time.