♦ Cred founder Kunal Shah was appointed as the global CEO of WhatsApp.

♦ He succeeding Will Cathcart, who has led the messaging platform for seven years.

♦ Also, Meta Platforms is set to invest $900 million in Indian fintech startup CRED, valuing the company at $4.5 billion.

♦ CRED, founded in 2018, currently serves 1.7 crore monthly active members and claims to process over 40 percent of credit card bill payments in India.

♦ It reported a reduction in operating losses to Rs.298 crore in FY25, from Rs.609 crore in FY24, on the back of product portfolio expansion.