Market Research Report on CRED
Company Overview
Name
- Dreamplug Technologies Pvt Ltd
Mission of the Company
- CRED is a members-only club that enables the trustworthy to make financial progress.
Founders
- No information is available.
Key People
- Kunal Shah, Founder of CRED.
Headquarters
- Bengaluru, India
Number of Employees
- No information is available.
Revenue
- No information is available.
What is the Company Known For
- CRED rewards individuals for their timely credit card bill payments by providing them with exclusive offers and access to premium experiences.
- It offers a platform that allows credit card users to manage multiple cards along with an analysis of their credit scores.
Products
List of Products
1. CRED Pay
2. Credit Score Check
3. CRED Money
4. CRED Mint
5. CRED Garage
6. CRED Escapes
7. Credit Card Bill Payment
High-Level Description
CRED Pay
- A payment system integrated with UPI capabilities allowing members to scan & pay, tap to pay, and transfer money to any UPI app.
Credit Score Check
- Allows members to check their credit scores via a soft inquiry with credit bureaus like CRIF, Experian, and CIBIL.
CRED Money
- No detailed information available.
CRED Mint
- No detailed information available.
CRED Garage
- No detailed information available.
CRED Escapes
- No detailed information available.
Credit Card Bill Payment
- Supports payments for multiple credit cards from different banks, includes bill reminders, and incorporates spend tracking.
Key Features
CRED Pay
- UPI Payments: Scan & pay, tap to pay, transfer money to any UPI app.
- Integration: Supports VISA, MasterCard, American Express & RuPay cards.
Credit Score Check
- Real-time Score Access: Members receive updated credit score data through a CIBIL score soft inquiry.
- Regular Monitoring: Helps maintain a healthy credit status with regular checks and spending evaluations.
Credit Card Bill Payment
- Bill Reminders: Timely notifications for due payments.
- Spend Analysis: Insights into spending patterns and credit card usage statistics.
- Rewards: Members earn rewards for paying their bills through the app, including access to events, experiences, and discounts from premium brands.
Recent Developments
New Products Launched
- CRED Pay: Expanding UPI payments functionality.
- CRED Money: Specific details not available.
- CRED Mint: Specific details not available.
- CRED Garage: Specific details not available.
- CRED Escapes: Specific details not available.
New Features Added to Existing Products
- Continuous improvement in security measures ensuring encrypted and secured transactions.
- Expanded partnerships with loan providers like IDFC First Bank, Kisetsu Saison Finance, Liquiloans, and more for facilitating the distribution of loans.
Partnerships
- Partnered with multiple banks and NBFCs to offer credit products.
- Collaborating with various sub-contractors and technology service providers such as Amazon Web Services, Razorpay, and Cashfree Payment India.
Additional Information
- Complete Security: CRED encrypts all data and transactions to ensure a completely secure experience for its members.
- Investor Relations: No information is available.
- Company Policies: Including transaction and user verification, Google API disclosure, UPI FAQ & grievances, and equal opportunity policy.
Conclusion
This report provides a comprehensive overview of CRED, a leading platform in financial progress and rewards for trustworthy individuals. It depicts the company's innovative approach in credit card management, offers a detailed insight into each product, and highlights recent developments like new launches and partnerships. While some data fields lacked specific information, the report encapsulates key aspects pivotal for understanding CRED's market position and offerings.