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Meta Installs Cred Founder as WhatsApp CEO, Invests $900M in Indian Fintech

June 23, 2026

Meta replaced seven-year WhatsApp CEO Will Cathcart with Kunal Shah, founder of Indian fintech Cred, while investing $900M for a 20% stake in Cred. The move positions WhatsApp to deepen payments and commerce integration in India, its largest user market.

HOW THIS AFFECTS YOU

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founderWhatsApp's commerce push in India signals a major distribution channel for payments and AI-commerce products targeting South Asian markets.

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investorMeta's $900M stake in Cred at implied $4.5B valuation reflects strategic premium on fintech distribution, not just financial return.

read original ↗theverge.com

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