Akshata Sharma
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Kunal Shah-led fintech unicorn CRED has launched CRED Money to address the challenges of fragmented finances faced by India's affluent population.
The startup's new offering enables users to have a unified view of all their bank account balances, reminders for recurring payments beyond credit card transactions and a tool to analyse spending.
CRED Money will also send users reminders and updates for recurring payments such as SIPS, EMIS, rent, staff salaries, or insurance premiums. Users can also look up for transactions by merchants or categories.
It is built on the account aggregator (AA) framework that enables users to share their data with banks or financial institutions between authorised organisations.
The startup said it won't be monetizing the new feature.
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