Meta invests $900M into Indian fintech startup Cred, and plans to appoint Cred founder Kunal Shah as the new leader of WhatsApp, replacing Will Cathcart (Kurt Wagner/Bloomberg)

Meta has invested $900 million in the Indian fintech startup Cred, acquiring a one-fifth ownership stake. Concurrently, the company has appointed Cred founder Kunal Shah as the new head of WhatsApp, succeeding Will Cathcart. The moves signal Meta’s strategic push into both financial services and leadership renewal for its messaging platform.

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