Cred, the fintech unicorn led by Kunal Shah, has entered the motor insurance sector through its Cred Garage platform, which assists users in tracking vehicle expenses, pending fines, and insurance renewals.
With over 7 million vehicles and 4.4 million users registered, Cred offers vehicle management for free while generating revenue through commissions from insurance partnerships. Partnered with Zurich Kotak, Go Digit, and ICICI Lombard, Cred provides discounts based on credit scores, reinforcing its model of rewarding responsible financial behavior.