At present 75 lakh users are connected to Cred.
CRED Mint: Through P2P lending feature, CRED members can earn up to 9% interest by lending to other CRED members.
Bangalore. Fintech platform CRED (CRED) on Friday launched a peer-2-peer ie P2P lending feature called CRED Mint for its users. Through this feature, credit members can earn up to 9% interest by giving loans to other credit members. The company has partnered with RBI registered P2P NBFC Liquiloans for the credit mint.
Cred started out as a credit card repayment platform that rewards users for paying their bills. Now products like rent payment and personal loan have also been added to this platform.