India, June 22 -- Indian fintech company Cred will raise Rs.8,550 crore (approximately $900 million) from Meta, the company announced on Monday, as Cred founder Kunal Shah steps down as CEO to take over as the global head of Meta's WhatsApp.

With fresh capital, a new interim chief, and an explicit signal towards listing on the stock market, Cred is on a path to show whether or not it is built to outlast its founder.

Shah, who started Cred in 2018 around the simple premise that creditworthiness should be rewarded, said the company has in eight years grown into something more durable.

"In under eight years, that belief has turned into a new category: millions of members, ~ Rs.3,200 crore in revenue, profitability, a full stack of licence...