Is Cred a profit or loss?

CRED raised funding from DST Global, Sequoia Capital (India), and Tiger Global, among other investors, through four rounds of private funding so far. CRED posted losses of Rs. 360.31 crore in the 2020 fiscal year (FY20), caused primarily due to high expenditure on marketing and advertising.

How does CRED help?

CRED is a free credit card bill payment mobile application. Available for download on iOS and Android platforms, it simplifies the bill payment process and rewards users for paying their card bills on time.

What is credcred and how does it work?

Cred is creating ways for borrowers to access credit globally with crypto lending, and also crypto-to-fiat where regulations allow it. The net result is an entirely new source of credit, which is always good for borrowers. use your credit line for 3 years, with interest payments due annually.

Is CRED a good company to invest in?

Cred already has lending facilities in excess of $250 million USD, and it is a profitable company. It is highly unlikely that the company would be able to attract the team it has put together if its goals were unrealistic. Cred has a number of other projects, and also a token that trades as ‘LBA’.

What is the use of cred coin?

Cred is working to create solutions for everyone in the crypto ecosystem, and also make cryptos a realistic way for people to spend on everyday items. If you want to gain from your crypto holdings, Cred is one of the best platforms to earn interest on tokens.

What is crypto cred and how does it work?

Access to credit is the lifeblood of any business and is also necessary for many individual purchases as well. Cred is creating ways for borrowers to access credit globally with crypto lending, and also crypto-to-fiat where regulations allow it. The net result is an entirely new source of credit, which is always good for borrowers.