Meta Backs India’s Cred and Hires Founder to Run WhatsApp

Meta has invested $900 million in India’s Cred , and hired its founder to oversee WhatsApp. The deal values Cred at $4.5 billion, and gives Meta a minority share in the company, though no access to customer information, the startup said in a Monday (June 22) news release . “I started CRED in 2018 with a belief that creditworthiness deserves to be rewarded.