Who is Miten Sampat? Meet CRED’s interim CEO as Kunal Shah joins META
Miten Sampat was appointed as interim CEO of CRED after Meta Platforms appointed Kunal Shah, founder of the Indian fintech startup, to head WhatsApp globally as part of a $900 million investment.
The press release stated that Kunal Shah will leave CRED and join Meta full-time, while Miten Sampat will take over as interim CEO, although the board of directors is reviewing CRED’s leadership structure with a goal of “an eventual IPO.”
Who is Miten Sampat?
Miten Sampat has led strategy and finance at CRED since 2020. Kunal Shah, who will now head WhatsApp globally, said Sampat headed strategy and finance and “has been causing me pain since 2020”.
“I am stepping down from the operating role and will continue as a shareholder. My commitment does not change. Just the role,” Shah said on LinkedIn.
According to his LinkedIn profile, he was previously an Angel investor and advisor. Accordingly Pitchbook.comSampat has made multiple investments in companies such as Truva (a company in the Real Estate Services (B2C) sector), GoCredit, and FinRight in the Real Estate Services (B2C), Consumer Finance and Financial Services sectors.
Sampat was also a board member of MC Player. He also served as Managing Partner at Peercheque.
He worked as Business Manager at Times Internet (Times City) before being appointed as Strategy Director in 2014.
From September 2011 to May 2013, he served as “Vice President of Product Strategy” and “Vice President of Engineering” at Neustar.
Miten Sampat says Kunal Shah leads WhatsApp globally
Miten Sampat recalled his journey at CRED while announcing that CRED Founder Kunal Shah will step back and Miten Sampat will take over as interim CEO.
In his LinkedIn post, Sampat thanked Shah and praised Meta’s $900 million minority investment.
He wrote: “When I joined Kunal Shah at CRED in 2020, I was drawn to the incredible team and a contrarian idea – “not everyone gets it.”
“We had ~1 million members and TPV of $750 million. Fast forward to 2026, CRED’s impact among India’s most creditworthy is clear, we currently serve 17 million members and process TPV of $100 billion,” Sampat said.
“We have built our members’ trust and financial progress with pleasure, always keeping it as our north star,” Sampat added.
He praised this momentum as “the result of the ambition, skill, ownership and relentless standards of our team at CRED.”
“Meta’s $900 million minority investment strengthens our plans to build a permanent institution that will ultimately go public. Meta will be a passive financial investor with no access to customer data,” Sampat said.
In his message to Shah, Sampat wrote: “Kunal: Thank you for being grateful and always multiplying every goal by 5x. Proud to be building the next phase of CRED with the best team in Indian fintech. Get back to work 🚀”
