Kunal Shah- Cred- Bangalore

Kunal Shah established CRED, Bangalore in 2018; by 2021, it had onboarded over 5.9 million customers and processed around 20% of all credit card bill payments in India. 

Kunal Shah- Cred- Bangalore

Kunal Shah- Founder

Kunal Shah, the co-founder of FreeCharge, has launched his second company, Cred. It allows credit cardholders to pay bills via an app and provides them with incentives in the form of Cred coins and jewels. These virtual coins may be redeemed at a variety of locations, including coffee shops, movie theatres, and eCommerce sites.Kunal Shah, the founder of the fintech startup CRED, is indeed a philosophy major who had dropped out of MBA school. CRED Founder Kunal Shah, one of India's most well-known entrepreneurs, says he doesn't care about degrees when it comes to employment for the fintech unicorn. In fact, he is simply a Class 10 graduate and is one of the senior leaders of the Bengaluru unicorn (startups worth over $1 billion).

Kunal believes in individuals who are typically outstanding, believe in excellence, and care about it, as seen by their actions in a variety of situations. CRED prefers to employ individuals from a variety of backgrounds, and Kunal intends to make a concerted effort in the future to hire more people from subjects such as psychology, anthropology, and sociology, in addition to the traditional STEM fields (science, technology, engineering, and mathematics).

"And, in general, we don't believe remarkable work comes from degrees," he says. CRED has grown to include loans, rent payments, and the debut of 'CRED Pay,' which allows users to pay retailers directly through the site.

MBA Dropout

Kunal earned a bachelor's degree in philosophy from Mumbai's Wilson College in 2000. He began an MBA programme at Mumbai's Narsee Monjee Institute of Management Studies in 2003 but dropped out before completing the programme. "I believe there are a variety of reasons why people choose to drop out. For me, I realised that studying on my own was preferable to learning through an organised programme because the curriculums and theories were more focused on getting good grades rather than truly comprehending things. So MBA as a structure didn't work for me," Kunal explains. After raising $215 million in a new fundraising round (Series D) at a valuation of $2.2 billion in April, CRED became the youngest Indian firm to be valued at over $2 billion.

About CRED

CRED is a members-only club that rewards people for paying their credit card bills on time by giving them access to unique deals and exceptional experiences. It's a tool that lets credit card customers manage various cards while also getting a credit score assessment. Members with a good Experian or CRIF score are eligible for additional perks when they use the app to pay their credit card payments. Members with a good Experian or CRIF score are eligible for additional prizes when they use the app to pay their credit card payments. CRED's credit card spend tracking and management tool was one of the app's numerous capabilities, providing the user with analysis of expenditure tracking and card usage efficiency. CRED also has the CRED Safeguard function, which is an AI-powered system that monitors every detail of a credit card payment trip, including due date notifications, spending trends, and other card use information.

In addition, when a member uses the app to make a credit card payment, they are eligible for a number of benefits, including access to events, experiences, gift cards, and upgrades from select prominent companies. The CRED team is made up of people who are innovative, hardworking, and persistent. They seek to form a creditworthy community in order to trust and respect. Every relationship, cooperation, or concept CRED develops aims to deliver an experience that goes beyond the imagination. Every team member is dedicated to achieving this aim. They are propelled ahead by their passion. Bring your ideas, your passion, and your courage to the table. To them, company culture is at the core of everything they believe in. CRED seeks individuals that are one-of-a-kind and will stand the test of time.

Become a CRED Member

CRED is limited to a select few, you must apply for membership via the app by providing your full name and a valid Indian cell number. You will be recognised as a member of CRED once your credit score is reviewed by credit bureaus such as CIBIL, Experian, and CRIF and it falls above the allowed eligibility level. You will be able to enjoy CRED's handpicked selection of special perks and privileges after you have become a member. 

Careers: https://careers.cred.club/allJob

Website: https://cred.club/

Address: No 1198, 3rd Floor, Salarpuria Emporium, 1199, 100 Feet Rd, Hal, Stage 1, Indiranagar, Bengaluru, Karnataka 560038