Cred raises $80 mn in funding led by GIC at $6.4-bn valuation: Report

The existing investors Tiger Global, Sofina Ventures, Alpha Wave Ventures and DF International also participated in the funding round, said a news report

Fintech startup Cred has raised $80 million as part of its Series F funding round led by Singapore’s sovereign wealth fund GIC and other existing investors, news reports said on Thursday.

The existing investors Tiger Global, Sofina Ventures, Alpha Wave Ventures and DF International also participated in the funding round.

The digital payments platform has allotted 42,308 Series F Compulsorily Convertible Preference Shares (CCPS) of face value of Rs 100 each at a premium of Rs 1,47,746 to raise $80 million, stated a regulatory filing with the Registrar of Companies (RoC), reported Moneycontrol.

The fintech unicorn plans to raise $140 million in this