New Delhi, June 22 -- Fintech platform CRED on Monday announced that it will raise Rs 8,550 crore (around USD 900 million) in its Series H funding round led by Meta, as the company looks to accelerate growth and strengthen its position across financial services categories.

According to the company, the investment will be structured through a combination of primary and secondary share purchases.

Following the transaction, CRED will be valued at a post-money valuation of Rs 43,239 crore (around USD 4.5 billion), while its pre-money valuation stands at Rs 38,819 crore (around USD 4.03 billion).

The company said Meta will join CRED's cap table as a minority investor. It also clarified that Meta will not receive access to any customer infor...