Kunal Shah-led fintech unicorn ‘CRED’ has recently offered its own insurance products via its vehicle management platform, CRED garage

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The new offering includes motor insurance with credit-based savings

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The Bengaluru-based finance startup established Garage in September 2023 to meet members' vehicle-related needs

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The software includes DigiLocker integration, allowing users to access documents such as driver's licenses, registration certificates, and insurance papers

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In FY24, CRED garage saw over 4.2 million automobiles parked on its platform

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CRED's monetised customer base increased by 58% in FY24, owing to new products

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Shah stated that CRED wants to launch new products this year and next year to increase revenue from its customer base

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Prior to Shah's announcement of new offers, the company introduced several new products in recent months

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CRED Money launched in July, providing customers with a consolidated view of bank account balances, periodic payment reminders, and expenditure analysis tools

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CRED collaborated with NBFC L&T Finance to provide unsecured personal loans to consumers

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