Indian fintech unicorn CRED acquires Smallcase for $400 million

Smallcase is a thematic investing platform that allows investors to invest in a thematic-based stock portfolio. Investors can choose different themes for portfolio investment and stock investment through the platform, and can provide users with investment strategies based on market analysis of the investment market, and ensure users’ capital returns through an intelligent weighting mechanism. Fintech unicorn CRED, a membership-based credit card management and bill payment platform, has reportedly completed its acquisition of Sequoia Capital-backed wealth management firm Smallcase for about $400 million.

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