Meta Acquires Stake in Indian Fintech Cred for $900 Million
Meta has paid $900 million for a fifth stake in Indian fintech company, Cred. The significant investment aims to secure the services of its founder, Kunal Shah, who will now take on a leadership role at WhatsApp.
This move highlights Meta's strategy of acquiring talent by writing substantial checks. On Monday, they announced their plan to invest $900 million in Cred.
The story continues at The Next Web.