Latest news with #CRED
Time of India
2 days ago
- Business
- Time of India
Zerodha CEO Nithin Kamath goes for Credit Check on Zerodha Capital, sends message to Cred CEO Kunal Shah
Zerodha CEO Nithin Kamath recently revealed that his credit score 747 isn't 'good enough' to qualify for CRED, the elite credit rewards platform founded by Kunal Shah. For those unaware, Cred is known for its exclusive platform, which typically requires users to have a credit score of 750 or higher to access its rewards and services. The Zerodha CEO posted a screenshot on X (formerly known as Twitter) revealing his credit found and CEO Kunal Shah was also quick to respond to Kamath's post. Zerodha CEO Nithin Kamath fails Cred test Recently, Zerodha CEO Nithin Kamath took to X to share a screenshot of his credit score using Zerodha Capital . In his post he also tagged Cred co-founder and CEO Kunal Shah. 'I did a credit check on @zerodhacapital to check out the flow, and my score is 747. So I am not good enough for @CRED_club , @kunalb11 ,' wrote Kamath. Kamath also informed users that they can check their credit score in some simple steps using Zerodha Capital. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo Cred CEO Kunal Shah responded to Zerodha CEO Nithin Kamath's credit score Cred founder and CEO Kunal Shah was also quick to respond to Kamath's query. 'I'll call you and help you fix it. Glad you're caring about scores and increasing awareness. More people need to do this :),' replied Shah. 'Haha, welcome to the "747 Club", Nithin!…' commented users The exchange sparked a wave of reactions online—from users flaunting higher scores to others questioning the rigidity of India's credit rating systems . 'Haha, welcome to the "747 Club", Nithin!Not high enough for CRED, but perfect for domestic flights!On a serious note, we've got the Ultimate Credit Score Guide posted on the TF Community - your shortcut to cracking that 800+ zone (no secret handshakes required),' commented a user. 'I think you took a loan and missed a payment, which is why your credit score is not eligible for a personal loan with a low interest need to improve your credit score—maybe consult Instagram financial influencer,' posted another user. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
2 days ago
- Business
- Time of India
'Not good enough for CRED': Zerodha billionaire Nithin Kamath's credit score triggers viral banter, Kunal Shah chimes in
Who would have thought that one of India's richest entrepreneurs , with a net worth of $2.6 billion, would be 'not eligible' for an elite credit rewards platform? But that's exactly what happened when Zerodha co-founder Nithin Kamath revealed that his credit score—while good—wasn't good enough for CRED. Kamath, in a tongue-in-cheek post on X (formerly Twitter), shared a screenshot of his 747 credit score while playfully tagging CRED and its founder Kunal Shah. 'I did a credit check on @zerodhacapital to check out the flow, and my score is 747. So I am not good enough for CRED,' Kamath wrote. — Nithin0dha (@Nithin0dha) According to CRED's standard, users generally need a credit score of 750 or above to qualify. Kamath's 'Good' score sat just a few points below the 'Excellent' threshold—ironically close, yet far enough to be excluded from a platform meant to reward the most credit-worthy. The Kunal Shah Callback Not one to miss a moment, CRED founder Kunal Shah swiftly replied with mock customer service flair: 'I'll call you and help you fix it. Glad you're caring about scores and increasing awareness. More people need to do this :)' Shah wrote, adding to the already buzzing conversation. What followed was a mix of humor, surprise, and serious reflection across social media. You Might Also Like: Nithin Kamath's son steals the show with his mrudanga playing skills at concert. Zerodha founder beams with pride in viral video — kunalb11 (@kunalb11) Netizens Chime In: 'I Beat You, Nithin!' Users wasted no time turning the revelation into a friendly competition. Several people posted screenshots of their own credit scores with captions like 'I beat you' and '747 is practically a jumbo score, Nithin—just needs a smoother landing on the CRED runway.' Others, less forgiving, theorized why Kamath's number wasn't higher. 'Maybe you took a loan and missed a payment,' one user speculated, while another cheekily suggested he 'consult Instagram finance influencers.' Some even criticized the rating system itself, calling CIBIL 'a total scam' and lamenting the difficulties of correcting even the smallest errors. Credit Awareness in the Spotlight While the exchange was humorous, the post did draw attention to a larger issue: credit score literacy in India. Kamath's casual reveal may have sparked jokes, but it also became a conversation starter about the importance of maintaining a good score—and the pitfalls of a system that often feels arbitrary. You Might Also Like: Did Zerodha's Nithin Kamath gift 'BMWs, Audis, Mercedes' to top employees as bonuses? His post, intentionally or not, helped drive home the need for financial education , particularly around creditworthiness, digital lending, and consumer rights. In a world where your financial reputation is often reduced to a three-digit number, even billionaires are at the mercy of the algorithm. As Kamath's post humorously proves, wealth might buy yachts—but not necessarily CRED points.
News18
3 days ago
- Business
- News18
Nithin Kamath Not Eligible For CRED? Kunal Shah Says He'll Call Him And ‘Fix It'
Last Updated: Nithin Kamath shared a screenshot of his credit score, stating that he is not good enough to become a CRED member. In what appears to be a playful jab at Kunal Shah-backed CRED, Zerodha's Nithin Kamath shared his credit score report on social media, explaining why he is not good enough for the payments platform. Sharing a screenshot of his credit score, which stands at 747 out of 900, meaning a 'good" result, Nithin wrote, 'I did a credit check on @zerodhacapital to check out the flow, and my score is 747. So I am not good enough for CRED, Kunal Shah." He also went on to offer his followers to check their own credit score, with the link redirecting users to Zerodha Capital's official page. Upon clicking on the link, one can find a link to check their credit rating for free. It's worth mentioning that a user needs to have a great score of 750 and above to become a CRED member. In response to Nithin Kamath's quick check and the special mention to Kunal Shah, the CRED founder ended up offering help to fix his ratings. I'll call you and help you fix it. Glad you're caring about scores and increasing awareness. More people need to do this 🙂— Kunal Shah (@kunalb11) June 18, 2025 'I'll call you and help you fix it. Glad you're caring about scores and increasing awareness. More people need to do this:)," Shah wrote in response to Nithin's X post. The post received a barrage of comments, with people sharing different opinions on Nithin's take on credit scores. One said, 'I suppose this is Experian's score. CRED might be evaluated on the basis of CIBIL (Not Sure)," another added, 'Why do you need CRED when you've already earned all the street cred as a bootstrapped hero? BTW, top-tier humour!" A user quipped, 'Jokes are better late evening, Nithin avare." On the other hand, some sounded concerned that Nithin Kamath had a lower credit score than many individuals. The entrepreneurs' brief online interaction comes at a time when Nithin Kamath recently spoke about the latest UPI feature introduced by the Securities and Exchange Board of India (SEBI). Highlighting the growing number of fraud cases involving scammers, he emphasised that all the legitimate fund transfers will properly go to verified UPI handles. The Zerodha co-founder also assured users of implementing the same in his company to help reduce fraud incidents. The number of fraud cases involving scammers impersonating brokers and asking for money to be transferred to random accounts has protect investors, SEBI has introduced a new UPI security feature. All legitimate fund transfers will now only go to verified UPI… — Nithin Kamath (@Nithin0dha) June 16, 2025 The market regulator will be introducing a new UPI address for all entities to avoid such scams, with the latest features set to go in effect from October 1.
Hans India
6 days ago
- Business
- Hans India
Indian startups raise $184.75 million this week
New Delhi: Indian startups continued to attract investor interest as 20 startups raised around $184.75 million in funding this week. The deals included five growth-stage and 14 early-stage startups, while one startup chose not to disclose its funding details. Seed funding dominated the funding types this week, with several startups raising capital in their early journey. Other rounds included Series A, pre-seed, pre-Series A, and even late-stage funding rounds like Series G. The startup activity was also spread across cities. Bengaluru led with nine deals, followed by Delhi-NCR with five. Mumbai, Kolkata, and Chennai also saw their startups securing investments. Sector-wise, fintech startups emerged at the top with six funding deals. Deeptech and OTT sectors followed with two deals each, while other sectors such as aerospace, foodtech, e-commerce, and sportstech also saw positive movement. Among the key highlights of the week was fintech unicorn CRED, led by Kunal Shah, which secured $72 million from investors, including Lathe Investment, RTP Global, Sofina Ventures, and QED Innovation Labs. FlexiLoans, a fintech platform focused on MSMEs, also raised $44 million in its Series C round, while EV component startup Vecmocon raised a total of $18 million in its Series A round, with $8 million coming in this week through both primary and secondary transactions. Other notable deals came from the popular QSR chain 'Wow! Momo' and drone technology startup Garuda Aerospace, both of which received fresh investments. On the early-stage front, 13 startups raised a total of $49.75 million. The biggest among them was aerospace and defence startup Sanlayan Technologies, which raised $22 million. Other early-stage startups that received funding include wealth tech firm PowerUp, fintech players Piston and Zype, and OTT platform FlickTV. Earlier this week, Commerce and Industry Minister Piyush Goyal said there has been a surge in private investments in the last 11 years, with Indian startups and emerging entities attracting significant private funding to the tune of over $150 billion in the past decade.
Mint
13-06-2025
- Business
- Mint
5 things you wrongly believe impact your credit score
As more borrowers in the country become credit conscious and monitor their credit scores, myths and speculations about what truly influences creditworthiness continue to circulate. Today as things stand due to rapid increase in personal loan defaults, credit awareness is at an all time high. Yet misconceptions persist, often leading to unnecessary anxiety along with poor financial decisions. Several Indians, especially first time borrowers, still believe that factors like income level, marital status, or even checking their own credit score can negatively impact it. That's far from the truth. 'Many first-time borrowers wrongly think income, marital status, or checking their own credit score affects their rating. In reality, only how you manage credit—like timely repayments and low balances—matters,' says Sumit Sharma, Founder of Radian Finserv. 'For young and rural Indians, busting these myths is key to financial empowerment.' Echoing the same, Akshay Aedula, Product and Growth at CRED, adds 'Your credit score reflects how you manage credit, not your income, spending, or how often you check it. The key is responsible usage: pay on time, keep utilisation low, build a solid history, and maintain a healthy credit mix.' 1. Checking your own credit score: One of the most persistent myths is that checking your own credit score will lower it and harm your overall credit profile. In reality, any self check done by you is categorised as 'soft inquiries' that is why it has no influence on your credit score. On the contrary, professionals encourage consistent monitoring of your credit profile as it helps in staying informed and spot errors or fraud early. 2. Your income level: Many borrowers believe that a higher salary or income guarantees a better credit score. In reality the truth is far from this as this is never the case. Your income has no direct relation with your credit score. Your credit score basically is determined by factors such as your credit history, payment behaviour, credit utilisation, level of debt and not your salary. Due to the same issue, someone earning ₹ 5 lakh per year can have a higher credit score whereas someone earning ₹ 10 lakhs may have no score at all if they have never used credit earlier. 3. Debit card usage: Using a debit card for purchasing products or services does not build or impact your credit score. Debit cards draw directly for your bank balance and do not involve any kind of credit facility. That is why do remember that only credit cards, personal loans and other credit products contribute to your credit history. 4. Bounced cheques (Unless for EMI):A cheque bounce is an offence under the Section 138 of the Negotiable Instruments Act, 1881. Still, a bounced cheque does not affect your credit score until and unless they were issued to pay an EMI of a personal loan or credit card pending payments along with any other credit related products payment. In all such cases the missed EMI would be reported but otherwise bounced cheques do not influence your credit score. Lenders check at how you manage your credit and not your general banking habits. 5. Marital status or joint accounts: This is another extremely important myth that needs to be put to rest. Your marital status and joint bank accounts have no bearing on your individual credit score. Credit bureaus such as CIBIL, CRIF High Mark, Equifax among others assess every individual's creditworthiness separately. This is done regardless of whether you have joint accounts or are married. On a fundamental level your spouse's credit behaviour does not influence your credit score. Hence, consistently checking your credit score is a wise decision but rest assured self checks, debit card usage, income level, bouncing of credit non related cheques (unless for EMI) along with marital status do not influence your credit score. Getting a hold on these simple concepts can help you make smarter financial decisions and avoid unnecessary stress. Disclaimer: Mint has a tie-up with fintechs for providing credit; you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit scores. Mint does not promote or encourage taking credit, as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.
