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The Latest Breaking News from Cred

Who is Will Cathcart? WhatsApp leader exits after steering it through privacy battles, monetisation push

Cathcart’s departure comes at a time when WhatsApp is in the middle of a transition. Under him, the platform recently rolled out Meta’s AI assistant powered by its latest model, Muse Spark, alongside privacy-focused features such as “incognito chat” built on confidential computing infrastructure using chips from AMD and Nvidia.

The Economic Times

Cred’s Kunal Shah is WhatsApp’s new CEO

Cred founder Kunal Shah will join WhatsApp as its global head after Meta announced a nearly $900 million investment in the fintech firm. This and more in today’s ETtech Top 5.

The Economic Times

Kunal Shah named WhatsApp global CEO as Meta takes $900 million stake in Cred

Meta enters the cap table of fintech co-valued at $4.5 billion post-money; Miten Sampat is interim CEO. The funding comprises about $400 million in secondary sale of shares by existing shareholders, while the remaining $500 million will be ploughed into the company.

The Economic Times

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I used this hidden Google Pay feature to automate credit card bill payments

Google Pay in India has a hidden feature that lets you add all credit card billers, allowing you to pay bills with the utility. This is the CRED alternative I've been waiting for in India.

Android Central

Chicago CRED receives ‘transformational’ $21 million grant from Sue Ling Gin Foundation to fight gun violence

The violence reduction organization, founded by former U.S. Education Secretary Arne Duncan will use the funds to expand its work on the South and West sides.

Chicago Sun-Times

From the South Side to Senegal to build a school

Keianti Darling, Durrail Williams and Joseph Thomas are members of Chicago CRED, a group that works to reduce gun violence. Recently, they traveled to Senegal on a service trip to build a school.

Chicago Sun-Times

The 'crypto canary in the coalmine' that regulators totally missed.

Cred came before FTX, Celsius, and the current gallery of crypto rogues. It offered valuable lessons—if only someone had paid attention to them.

Fortune

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Crypto lender Cred collapsed in 2020 after pulling in $135 million from customers. Its shady dealings foreshadowed FTX’s downfall—but regulators didn’t notice

Cred and its successor Earnity have been accused of using many sloppy tactics from the Sam Bankman-Fried playbook.

Fortune

‘Peacekeepers’ try to prevent violence using hard-won street smarts

For a $100 stipend, some Chicagoans who are statistically among the most at-risk of gun violence are working to change themselves and their neighborhoods.

Chicago Sun-Times

Over £60m raised by credit card start-up backed by former Manchester United star Rio Ferdinand

The investment means the company is now valued at more than £70m

Manchester Evening News

Credit card start-up backed by Rio Ferdinand raises over £60m

The investment means the company is now valued at more than £70m

Birmingham Post

How a gun violence spike in 2016 created a movement of Chicagoans that is still building

Over the last six years, support for community-based violence prevention has swelled in Chicago. It started with a “really shocking and enormous” increase in shootings.

Chicago Sun-Times

Why Dallas has invested in a program that sends messengers to youths on the streets

DALLAS -- Victor Alvelais has been in the shoes of the kids he works with.

Tribune News Service

Chicago CRED grads celebrate high school diplomas and look to future careers

The program mentors young adults dealing with gun violence and helps them get their GEDs. They want to show them “you’re worthy, you’re valid, and this is only one of the many things that you will go on to accomplish,” a CRED employee said.

Chicago Sun-Times

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Chicago Sun-Times

Anti-violence groups tout united front as summer nears

Spending on outreach to Chicago’s most-dangerous and most-endangered residents will hit an all-time high.

Chicago Sun-Times

What would it cost to reduce crime in Chicago?

Experts peg the yearly costs at hundreds of millions — and as high as $1 billion — to make Chicago as safe as New York or Los Angeles.

The Guardian - UK

After the Sewell report, the race action plan seems a step in the right direction

We may even read parts of this as a discreet repudiation of what went before. But there is more to be done, says Halima Begum, chief executive of the Runnymede Trust

Wales Online

Government sets out new action plan to tackle racial inequality

Among the measures are revamping the history curriculum for schoolchildren, issuing advice to employers on how to measure and report on ethnicity pay gaps, and clamping down on online racist abuse

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The Times of India

Crypto investing platform raises another $6.5 mn, MF-like product Coinset proves game changer

NEW DELHI: Crypto investing platform, which was founded in 2018, has raised $6.5 million in a pre-series A round from Arkam Ventures, Tribe Capital, and Bolt by QED Investors. The pre-series A round follows a $2.5 million seed funding that the startup had raised four months earlier by Nexus Venture…

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