Prakash

making stablecoins as easy as UPI @MardiPaydotin | Grad @rektoff_xyz

[MardiPay @MardiPaydotin]

BREAKING: $HOOD is now available on MardiPay

The hood found a new home 🪶

[Prakash @0xKaash]

@0xBolt lfg 🤛

[Prakash @0xKaash]

@kunalbagaria @superteam @localhosthq I'm coming

[Kunal Bagaria @kunalbagaria]

I heard a lil banter somewhere that a @superteam event is due for a renewal this year

[Prakash @0xKaash]

say it out loud!

[Solana @solana]

a little help up here

[Prakash @0xKaash]

@kunalbagaria soo excited 🔥

[Kunal Shah @kunalb11]

It’s been a minute.

2015–2018
- Exited FreeCharge. Spent time learning and investing.
- Pondered about: Why can't trust be rewarded? Started with $1M of personal capital.
- Launched CRED to reward people for paying credit card bills on time.

2019–2025
- Built a system run by a team that values ownership, judgment, and craft.
- Grew from 0 to 17M members by aligning incentives with behaviour.
- Built several products during COVID lockdowns.
- Raised $900M+ from global investors. Did 4 ESOP buybacks.
- Made Indiranagar and IPL ads slightly more interesting.
- Received a full stack of regulatory licences.
- Lost 35 kilos.
- Scaled from 0 to ~$325M ( ~₹3,200 crore) in annual revenue across payments, lending, insurance, commerce, wealth, and credit cards.
2026
- First profitable quarter (yet occasionally asked what our business model is)
- Raised another $900M from Meta in primary and secondary capital.
- Announcing our 5th ESOP buyback.

Today

CRED is ready for its next phase. I am stepping back and @miten steps in as interim CEO, partnered with an incredibly talented team. He has been heading strategy and finance and suffering me since 2020. I’m stepping away from the operating role and will continue as a shareholder. My commitment doesn’t change. Just the role.

Extremely grateful to our members, partners, regulators, and investors who made this possible. And to our board, Shailendra, Micky, Saurabh for their extraordinary conviction.

Team CRED, I’ll still expect you to be a 10x version of yourselves.

As for me, I’ll be joining Meta to lead WhatsApp globally.

Meta comes in as a minority investor in CRED. No access to member data.

While it’s come very far, the delta between WhatsApp today and its full potential is massive. I look forward to working with Mark, Chris, and the leadership across Meta for the next step in WhatsApp’s journey. Will, thank you for scaling something the world relies on quietly, and for making this transition smooth.

Onwards.

[Prakash @0xKaash]

@tgsubdict nah!

[Prakash @0xKaash]

@inno_ox @solana Who needs a broker when your phone number is the only account you need? @MardiPaydotin — xStocks, Ondo, and private equity, all in one

[Prakash @0xKaash]

@GrimesLuke61669 @AshCrypto And they're live on @MardiPaydotin

[Prakash @0xKaash]

@AshCrypto

[Prakash @0xKaash]

@CommerceGuruu lmao... best comment

[Prakash @0xKaash]

@solana_sailor fr

[Prakash @0xKaash]

@CodeWithAmann

[Prakash @0xKaash]

@IndianTechGuide Other countries give FREE education + stationery in govt schools, here even private ones keep hiking fees & everything else on a single salary

[Prakash @0xKaash]

i 🫶🏻 $CASH

[MardiPay @MardiPaydotin]

We're excited to announce that $CASH by Phantom is now available on MardiPay.

Deposit, withdraw, and manage Phantom CASH directly from one dashboard while staying connected to the Solana ecosystem.

Start using CASH on MardiPay today!

[Prakash @0xKaash]

@619ssvignesh @_DigitalIndia @digilocker_ind

[Prakash @0xKaash]

@SolanaHub_ @solana @MardiPaydotin

[Prakash @0xKaash]

we'll keep building, keep shipping and come back with stronger traction + better numbers

[Prakash @0xKaash]

@YunoWiz What are you building ?