Fintech Unicorn CRED Launches New Option for Users to Sell Their Cars

SA TeamMay 27, 2025

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Three points you will get to know in this article:

CRED has partnered with CARS24 and Spinny to let users sell their cars directly through its platform, CRED Garage.
Car-selling process is seamless, with instant valuations, free doorstep inspections, and minimal paperwork—ownership transfer is handled by partners.
CRED has a broader strategy to evolve into a super app, expanding beyond credit payments into areas like vehicle management, loans, and insurance.

CRED Partners with CARS24 and Spinny to Power Car Sales

Cred, led by Kunal Shah, has teamed up with used-car platforms CARS24 and Spinny to allow users to sell their cars on its platform.

CRED, founded by Shah in 2017, was first introduced as a platform for credit card bill payments. In the years following the pandemic, however, the Bengaluru-based startup has pursued a super app strategy as it expands its fintech ambitions.

Through its vehicle management platform CRED Garage, the startup backed by Tiger Global will now enable members to obtain instant valuations, arrange free doorstep inspections, and receive payments within minutes after a vehicle sale is finalized.

According to CRED, users will get an estimated car value after answering a few questions on CRED Garage. Additionally, they can arrange for a no-cost inspection.

How CRED Garage Simplifies the Car Selling Process

“No paperwork or additional steps are necessary – after the car is inspected and the offer is accepted, the partner takes care of the entire resale process, including transferring ownership,” the company stated.

CRED asserts that to uphold privacy, its members’ information will be shared with partners only when a car inspection is scheduled.

CRED introduced CRED Garage, a vehicle management platform, in September 2023. This platform provides a unified dashboard that features priority access to concierge services, reminders, document management, and spending insights.

CRED Garage added various features over the years, including FAStags, car insurance, pollution certificates, and more.

CRED states that 7 million CRED members currently use CRED Garage.

CRED's Growing Ecosystem: From Credit Cards to Car Sales

CRED now offers services for UPI payments, utility billing, vehicle management, travel experiences, and more. The startup purchased the investech platform Kuvera last year to compete with Zerodha, Groww, and PhonePe.

This year, the startup introduced CRED Cash+, a product that offers loans secured by mutual funds for its customers.

The startup had also ventured into the insurance sector. Last year, it also introduced CRED Money, which allows users to see a consolidated view of all their bank account balances, receive reminders for recurring payments beyond credit card transactions, and use a tool for spend analysis.

Moreover, CRED joined forces with L&T Finance, a non-banking financial company (NBFC), to provide customers with unsecured personal loans.
In FY24, CRED’s operating revenue surged by 71% to reach INR 2,397 Cr, and its operating loss decreased by 41% to INR 609 Cr.