Cred CEO Kunal Shah has a ‘credit score disclaimer’ for employees

Kunal Shah, the founder and CEO of Cred, has introduced a unique hiring policy that requires all employees to have a credit score of 750 or higher. This move aligns with Cred's mission to promote responsible financial behaviour and ensure that its workforce embodies the values it advocates.
During a recent company event, Shah explained the rationale behind this policy, stating, "If you are building products that are going to drive responsible financial behaviour, we have to live it first. We can't be driving this when we ourselves don't live up to this promise". He emphasised that maintaining a good credit score should be a default expectation for India's affluent class, as it reflects responsible credit habits essential for the country's financial progress.
Shah acknowledged that achieving a high credit score can be challenging for individuals starting their careers early. Therefore, new hires who do not meet the 750 credit score requirement are given three months to improve their scores, with Cred actively assisting them in this process. This practice, while uncommon in India, is more prevalent in Western countries, particularly in industries dealing with sensitive financial information.
Cred, known for its focus on rewarding creditworthy individuals, has extended this philosophy to its hiring process. By ensuring that its employees have high credit scores, Cred aims to foster a culture of financial responsibility and cohesion within its workforce.
In addition to this hiring policy, Cred has recently launched Svalbard, a suite of credit-focused features designed to help users manage and improve their credit scores. The company continues to innovate and expand its offerings, reinforcing its commitment to financial empowerment and responsible credit behaviour.