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00:02Meta Platforms is investing $900 million in Indian fintech startup Cred,
00:06and plans to appoint Cred founder Kunal Shah as the new leader of WhatsApp, according to Bloomberg.
00:12The investment gives Meta a roughly 20% stake in Cred,
00:15and values the company at $4.5 billion post-money.
00:19Shah will replace Will Cathcart, who has led WhatsApp for roughly seven years.
00:23Cathcart will stay at Meta in a new role using artificial intelligence tools
00:27to develop consumer apps and products.
00:30Shah will step away from Cred, but remain a shareholder.
00:33WhatsApp surpassed 3 billion monthly users in 2025,
00:36but Meta is still working to build newer revenue streams, such as advertising and subscriptions.
00:41For all things money, visit Benzinga.com.
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