WhatsApp gets new chief as Meta taps India’s CRED founder Kunal Shah, and invests $900M in startup

As part of the transition, Miten Sampat, who has overseen strategy and finance at CRED since 2020, will take over as interim chief executive with immediate effect. Shah will retain his shareholding in the company after stepping away from day-to-day operations.

CRED said its board and leadership team were working on a longer-term management structure as the company prepares for an eventual initial public offering, with the fresh capital expected to support growth across its payments, lending, insurance, and wealth businesses.