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CRED and Newtap Finance are leading a ₹550 crore investment to expand NBFC operations, aiming to strengthen lending capabilities and solidify their presence in India’s digital financial ecosystem.
CRED, a leading Indian fintech startup, has introduced CRED Money, a new feature designed to consolidate and analyze users' financial data across multiple bank accounts. This tool provides a unified dashboard for tracking transactions, recurring payments, and investments, while offering reminders and categorization options to streamline financial management. Leveraging India's account aggregator framework, CRED Money enhances transparency and user control over personal data. Although the feature is not monetized, it uses advanced data science algorithms to deliver actionable insights, helping users identify spending patterns and optimize their finances. This initiative reflects CRED's commitment to improving financial management for its affluent user base.