Tagged: cred

Global Fintech Funding Remains Steady with Many Asian Fintechs Raising Massive Mega-Rounds: Report

Tanjong Pagar Bell Singapore Asia

Fintech funding has really picked up in 2021. It’s estimated to have already reached $15 billion during the first quarter, according to CB Insights data. In Asia, Fintech-related investments are on track to exceed $2.6 billion, which is notably the continent’s highest quarterly total since… Read More

Indian Fintech Cred Secures $215M via Series D Round led by Falcon Edge Capital

India Money Coins Rupees rupixen com unsplash

India-based Cred, a fast-growing Fintech firm that lets clients pay off their credit card bills and gives them rewards in return, has managed to reach a $2.2 billion valuation after its $215 million Series D round that was led by Falcon Edge Capital. Coatue Management… Read More

India-Based Fintech CRED Secures $81 Million Through Series C Funding Round Led By DST Global

india rupees rupixen com unsplash

    CRED, an India-based fintech startup, has reportedly secured $81 million through its Series C funding round, which was notably led by DST Global with participation from Sequoia Capital, Ribbit Capital, Tiger Global, and General Catalyst. The investment round brings CRED’s post-money valuation to… Read More

CRED Goes Bust, Files for Chapter 11 Bankruptcy

Tombstone Cemetary Death Dead

Cred, a crypto lending platform, has filed for Chapter 11 bankruptcy, according to a statement from the company. The news follows reports of “irregularities” at the company. In a tweet last month, Cred said it had approached law enforcement to investigate opaque events pertaining to… Read More

Digital Asset Lender Cred Joins Visa’s Fintech Fast Track Program to Enhance Lending, Borrowing Capabilities

Loans Lending Borrow Debt

Cred, a digital asset lending and borrowing platform, revealed on September 8, 2020, that it has joined Visa’s Fintech Fast Track program, in order to speed up the process of integrating with the payment giant’s global network. As mentioned in a release shared with CI,… Read More

Bitcoin.com, a Leading Crypto Wallet Provider, Partners with Cred to Allow Users to Earn Interest on Digital Asset Deposits

Blockchain Rainbow

Bitcoin.com, a website that encourages people to use Bitcoin Cash (BCH) and claims that more than 11 million cryptocurrency wallets have been opened via its platform, reveals that it will be working with Cred. San Francisco-based Cred is a blockchain-powered licensed lender that was founded… Read More

Crypto Lender Cred Hires Former US National Security Agency and Western Union Executives

Two Bitcoin in Hand

Cred, a global blockchain-enabled financial services platform serving clients in around 190 countries, has hired Daniel Goldstein as its new CTO. Bethany De Lude has also joined Cred. She’ll be taking over the company’s security operations as Chief Information Security Officer (CISO). As mentioned in… Read More

Blockchain based Lender Cred Partners with Crypto Exchange Binance

Cred

Binance, the world’s largest cryptocurrency exchange, has formed a partnership with crypto lending platform Cred. Binance is also an investor in Cred. Cred is backed by some large investors in the crypto sector including Binance Labs, 500 Startups, Arrington XRP Capital, Blocktower and FBG Capital…. Read More

Bittrex Joins Universal Protocol Alliance, Creators of “Universal Dollar” Stablecoin

US Dollar George Washington Money

Bittrex International has joined the Universal Protocol Alliance which announced the creation of the “Universal Dollar” or UPUSD stablecoin last fall. The founding members of the Alliance include; Uphold, Cred, Blockchain at Berkeley, and Brave. Each entity supports a “universal transparent reserve and custody standard that… Read More

Coalition of Blockchain Organizations, Universal Protocol Alliance, Announces Universal Dollar: UPUSD

Money Dollars Lincoln. 2

The Universal Protocol Alliance has announced the “Universal Dollar” or UPUSD. The UPUSD is described as a digital asset that is a stablecoin collateralized 1 to 1 with the US dollar. The dollars in question will be domiciled in US, FDIC insured banks. The organizations… Read More

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