New data from CRED shows that its personal finance tool, CRED Money, is helping affluent users invest more and reduce penalty charges. Between April 2024 and April 2025, CRED analysed data from 18 lakh users. It found that 70% of CRED Money users invest actively. By comparison, about 8% of India’s general population invests in equities.
The average annual investment by a CRED Money user stood at ₹6.9 lakh. This is much higher than the average retail mutual fund folio size of ₹78,177 reported as of March 2025.
CRED said investment frequency rose by 6% to 14% within a few months of onboarding.
The platform also found that managing payments through one dashboard helped users cut down on bounce charges. The share of members who paid at least one bounce charge dropped by 32% within 90 days of joining, compared to the 90 days before.
CRED’s data also shows an impact on credit profiles. About 40% of users saw their credit scores improve after gaining more visibility and control over payments and dues.
CRED Money works through India’s Account Aggregator framework. It gives members consent-based access to account information and tracks balances, transactions, and upcoming payments.
The company says its typical member handles seven recurring payments every month across multiple bank accounts.
The data is based on anonymised interactions of 18 lakh users who used CRED Money during the reporting period.
CRED Money, launched in 2024, is a personal finance tool that gives members a single dashboard to track balances, transactions, and due payments.
CRED, founded in 2018, is a fintech platform known for targeting India’s affluent and creditworthy consumers. It offers tools to manage credit cards, payments, and credit scores, along with rewards and premium services.
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First Published: Jul 11, 2025 12:02 PM IST