Cred to invest $10 million in LiquiLoans

19 Sep 2022 , 11:47 AM

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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