Cred raises $9.5 mn in Series B funding from General Catalyst

Credit card bill payment app Cred has raised about $9.5 million in Series B funding round from US-based venture capital fund General Catalyst. In July, Cred had raised $120 million in the same round led by fintech fund Tiger Global, Ribbit Capital, Gemini Investments, existing investor Sequoia Capital, etc. Following that round, its valuation rose to $450 million.