Indian independent
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The Wire · India · India's fintech CRED raises US$900m from Meta, which takes ~20% and hires founder Kunal Shah to run WhatsApp
Flags governance and data-adjacency concerns: Meta's WhatsApp payments ambitions in India sitting beside a stake in a credit-card fintech, and the founder simultaneously joining the investor.
“Two big concerns on Meta's $900 million investment in Cred.”