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Kunal Shah’s Cred Eyes Stock Broking to Rival Zerodha, Groww

15 Nov, 2024

Kunal Shah-led Cred is set to expand its financial services by venturing into stock broking. The fintech unicorn, known for payments, lending, insurance, and wealth management, has applied for a stock broking licence through its subsidiary, Spenny, as per sources.

This comes a year after Cred acquired Spenny, a micro-savings and investment platform backed by Y Combinator. With this move, Cred aims to strengthen its position as a full-fledged financial platform, challenging giants like Zerodha, Groww, and Angel One in the competitive stock broking market.

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