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Will Cathcart, who has led WhatsApp for the past seven years, He steps down from his role Meta also appoints a new leader. On Monday, Meta CEO Mark Zuckerberg Advertise on Facebook Kunal Shah, founder of an Indian fintech startup called Cred, will take over as head of WhatsApp.
Cred is an app that allows people to manage their bills and get rewards for making payments through the platform. As part of Shah’s appointment, Meta is investing $900 million in Creed, giving it a 20% stake in the startup. Bloomberg reports.
Meanwhile, Shah will step down from his position as CEO of Cred to lead WhatsApp. “Kunal has built CRED into one of India’s most important technology companies, and he brings the kind of builder mentality and global perspective that will serve him well running the world’s largest messaging app,” Zuckerberg writes.
