Think of the prior days where buying anything depended on a deal framework, where for each great or administration to be acquired, one more great or administration valuable would need to be traded. The framework was awkward, just as disproportionate. As government-issued money arose, a lot of these issues started to be consistently settled. At this point the issue stayed that regularly, individuals don’t have sufficient cash to deal with their costs. In such situations, the sorcery of Visas makes its place, i.e, the specialty of buying ahead of time and paying for it later.
We as a whole love to go overboard and we love to utilize Mastercards to do it! These cards hold a fundamental spot in our lives and the one rule we focus on is to have the option to play out these Mastercard installments in a straightforward way. This becomes troublesome in a situation where we have an assortment of Mastercards across various banks, every last one of them having a different charging cycle. Presently envision being an application that accumulates this data, sends you suggestions to complete ideal installments, and even offers you prizes for it. This is actually where CRED steps in. As of late involving the situation with a unicorn in April 2021, this application turns into a solitary stage to deal with all our Mastercards.
“Our goal was very simple. Can we create a platform where we make life better and systematically allow more and more privileges and benefits to come to people for having good credit scores and therefore, creating a flywheel effect for more people wanting to improve their scores? ”
– Kunal Shah, Founder of CRED, in an interview by Bloomberg
Set up in 2018, CRED is an individual application that works with its clients with restrictive compensations for covering their charge card bills.
“For too long, startups and governments have focussed on the masses, We want to focus on the others, the ones who pay taxes. Nobody has been solving their problems.”
– Kunal Shah, Founder of CRED, in an interview by Forbes India
