Cred raises fresh funds from GIC, others; valuation cut by 45% to $3.5 billionCred raises fresh funds from GIC, others; valuation cut by 45% to $3.5 billionETtechLast Updated: Jun 10, 2025, 10:53:00 AM ISTThe fintech major was valued at $6.4 billion in 2022 during its last major fund infusion. The current fund infusion is in the form of primary capital, which means that existing investors have not sold any shares in this round. The drop in valuation was in line with the company's plans to list i...