---
title: "Meta buys into Cred and names a new WhatsApp boss"
url: https://daily.dev/posts/meta-buys-into-cred-and-names-a-new-whatsapp-boss-eylufp3dv
source_url: https://thenextweb.com/news/meta-cred-whatsapp-kunal-shah
type: article
source: "The Next Web"
published: 2026-06-22T15:02:53.132Z
updated: 2026-06-29T17:28:23.162Z
tags: ["fintech"]
reading_time: 4
upvotes: 0
comments: 0
language: en
---

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# Meta buys into Cred and names a new WhatsApp boss

**[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments

## Summary

Meta is investing $900mn in Indian fintech Cred for a ~20% minority stake, valuing the company at $4.5bn. The deal's real purpose is acquiring Cred founder Kunal Shah, who will become the new head of WhatsApp, replacing Will Cathcart after seven years. Shah is expected to push WhatsApp toward monetization through advertising, subscriptions, and AI agents — mirroring WeChat's super-app model. Meta has tried and failed before to crack India's payments market via WhatsApp Pay, and hopes Shah's background and Cred's affluent user base give it a new foothold. Cred retains its independence: Meta gets no board seat and no access to customer data, while Cred eyes an eventual IPO.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://thenextweb.com/news/meta-cred-whatsapp-kunal-shah>

---

Tags: [#fintech](https://daily.dev/tags/fintech)

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