Fintech unicorn Cred is reportedly aiming to raise between US$100 million and US$200 million in a new funding round.

This new round comes at a post-money valuation of US$4 billion, a significant decrease from its previous valuation of US$6.4 billion in 2022.

The funding is intended to support Cred’s growth plans, which focus on profitability and a potential initial public offering (IPO) within the next two years.