Is CRED overvalued?

Cred is an Indian fintech company, based in Bangalore, founded in 2018 by Kunal Shah. Later, CRED let users to make house rent payments and introduced short-term credit lines. CRED has received criticism for being overvalued and lacking a sound monetization strategy.

Has anyone ever won anything on CRED?

Credit card bill payment app CRED revealed that its members had won over ₹35 crore in prizes last week. It also announced Deba Sinha, Business Head at Crazibrain Solutions, as one of the winners of CRED’s 100\% cash-back reward.

Does CRED have future?

User Data. CRED gathers information about you as you pay bills and use the app to provide you with better offers in the future. This is their secondary revenue stream.

Why is CRED successful?

Every time a user avails of the offers, Cred generates an income through it. Using the financial data of the users – Cred accumulates the financial data from the users who use the platform for paying their bills and more.

How much is CRED worth?

Mumbai: Cred has raised $251 million in a Series E funding round co-led by Tiger Global and Falcon Edge at a valuation of $4.01 billion, underscoring the unabating interest that Indian fintech is garnering from investors.

How are tech companies valued so high?

Tech companies are good with generating cash and their speed of expansion is fast. They are highly valued and their stocks are good. They are highly profitable with high liquidity business models. Their business runs digitally too so they provide good customer support, keeping their customers happy.

Do people win jackpot in CRED?

With CRED Jackpot & Powerplay, India’s favorite sport just got more rewarding. Pay your credit card bills on CRED during the VIVO IPL 2021 and stand a chance to win exclusive cash-backs and jackpots.

Who are the competitors of CRED?

Cred’s top competitors include DigiByte, Orangepay, Copenhagen FinTech and Verifi. Cred is a platform for credit card users. DigiByte (DGB) is a rapidly growing world-wide decentralized payment network, inspired by Bitcoin.

How do CRED make money?

CRED earns money from listing fees that businesses pay to display their products and offers on its app. Moreover, financial institutions have access to the financial data collected from users in order to tailor their offers accordingly.

How does Cred make profit?

CRED receives a fee from the business every time a user redeems CRED coins from the app to pick an offer. CRED collects your financial data as you use the app and continue to pay your bills to offer you better offers in the future. This is their second source of revenue.

Can we invest in Cred?

As a CRED Mint member, you can invest any amount from INR 100,000 to INR 10,00,000 and receive payments from the borrowers on a set basis — either one time or in equated monthly instalments.