AIMediaNamaabout 5 hours ago
Kunal Shah named WhatsApp global head, Meta invests $900M in CRED
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Meta is investing $900 million in CRED for a roughly 20% stake, valuing the fintech at about $4.5 billion. Founder Kunal Shah will lead WhatsApp globally, replacing Will Cathcart. Observers see the move as Meta's push to scale WhatsApp into a full-blown payments product, leveraging Shah's fintech expertise and Indian consumer habits.
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