Cred to invest $10 million in LiquiLoans

Cred will acquire small minority ownership in the business, or about 5-6% of it, valuing it at about $200 million

September 19, 2022 11:47 IST | India Infoline News Service
To buy a minority investment in peer-to-peer (P2P) non-banking financial company LiquiLoans, fintech startup Cred will invest $10 million.
Cred will acquire 5-6% of the company, giving it a value of roughly $200 million.
There are both main and secondary capitals in the round. The agreement will allow early angel investors in LiquiLoans to cash out.
The deal is anticipated to be finalized in the following three to four weeks.

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