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Meta Invests in Cred, Deepening WhatsApp-Driven Fintech Ambitions in India
Meta participated in a $900 million Series H round for Indian fintech Cred, aiming to expand its financial services footprint via WhatsApp’s massive user base. The investment puts Meta in direct competition with Indian banks and fintechs, as it seeks to integrate payments and credit into its messaging platform. Indian regulators are expected to scrutinize Meta’s data practices and cross-platform integrations, which could impact the pace and scope of new product launches.