<ul><li>Fintech startup Cred is set to raise $75 million from existing investors including Singapore's sovereign wealth fund GIC, Sofina Ventures, and RTP Global.</li><li>The funding is being raised at a valuation of $3.5 billion, lower than its previous valuation of $6.5 billion, as per sources.</li><li>Cred plans to focus on development and adoption of new product offerings with the fresh funds.</li><li>Cred's revenue surged 66% in fiscal 2024 to Rs 2,473 crore, with operating losses reducing to Rs 609 crore. The company has introduced new offerings like Svalbard and Cred Money.</li></ul>

Cred To Raise $75 Million From Existing Investors

Discover more