Creed founder Kunal Shah is set to take over as the new global head of WhatsApp. This is very big and important news for an Indian entrepreneur in the tech world. Meta has officially announced that Kunal Shah will be the next CEO of WhatsApp after Will Cathcart‘B. Will Cathcart is running the messaging system as WhatsApp is no longer just a messaging medium. It has more than three billion users worldwide. It is entering a new phase with new features like business messaging, money exchange and artificial intelligence. Metta thinks that Kunal Shah’s experience will be very useful to move forward in this new journey.
According to MetaKunal Shah has a deep knowledge and understanding of how people use WhatsApp in their daily lives. Moreover, he will bring fresh ideas from outside the company. India has become WhatsApp’s largest market and an important region for business messaging and money exchange. These will play an important role in future development. Announcing the appointment, Meta CEO Mark Zuckerberg praised Kunal Shah’s journey as an entrepreneur. He said Kunal Shah has built Creed into one of India’s leading technology companies and his global perspective will help steer the world’s largest messaging platform smoothly.
Chris Cox, another chief officer of META, also welcomed Kunal Shah. He said Kunal is one of India’s most respected entrepreneurs and has a powerful voice to bring positive change in people’s lives. Kunal, who started Creed about ten years ago, is now in charge of WhatsApp‘It’s ready to go. He started Creed in 2018 with his own capital of $1 million. The firm was created with the idea of rewarding customers who paid their credit card bills on time. It currently has over 17 million members and also offers money exchange, loans, insurance and other financial services. Kunal said Cred has recently turned a profit and its annual revenue has grown to around Rs 3,200 crore.
Kunal Shah will step down from the management of CRED to take up this new responsibility. Mitten, who oversees the company’s planning and finance, will be appointed as interim CEO‘B. However, Kunal will be a partner in the company. Clarifying about customer data protection, he said Meta will only be an investor in Cred and will not have access to any personal data of customers. Kunal said WhatsApp has the potential to be even more successful than it currently is. Thanking outgoing chief Will Cathcart, he said that during Cathcart’s tenure, WhatsApp has strengthened the entire system by protecting user privacy and adding many new features.