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CRED founder says AI writes 90% of code

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Date
Company
CRED
What it does
Members-only financial services and rewards platform.
Kind
News
Stage
growth
Based in
Bengaluru
Founded
2018
Sector
Financial Services

What they do

CRED is a members-only platform that rewards creditworthy individuals for timely bill payments and offers credit card management tools

What happened

Founder Kunal Shah stated that artificial intelligence now generates approximately 90% of the company's software code

Why it matters

The statement highlights how AI-assisted development is creating a productivity divide between employees who leverage these tools and those who do not

The details

  • CRED founder Kunal Shah revealed that 90% of the company's codebase is now written with the assistance of artificial intelligence.
  • Shah noted that AI tools are being used for more than just routine tasks and are integrated into larger portions of the software development process.
  • The founder emphasized that this shift is creating a significant productivity divide among technology employees.
  • He suggested that employees who effectively utilize AI tools are operating at an exponential scale compared to their peers.
  • Human engineers at CRED continue to maintain oversight and remain involved in the development and management of the software stack.
  • The comments reflect a broader industry trend where AI adoption is fundamentally changing how engineering teams are structured and managed.

The bigger picture

  • The rapid adoption of AI coding assistants is forcing startups to rethink their internal workflows and team productivity expectations.
  • Companies are increasingly concerned about the output gap between developers who adopt AI tools and those who rely on traditional coding methods.

About the business

  • CRED operates a members-only club that provides financial and lifestyle rewards to users with high credit scores.
  • The platform allows users to manage multiple credit cards, track spending patterns, and receive payment reminders.
  • It offers features like CRED protect, an AI-backed system that monitors payment journeys and card usage statistics.
  • Users earn cashback and rewards for making timely credit card bill payments through the application.
  • Eligibility for membership generally requires a credit score of 750 or above from bureaus like CIBIL, Experian, or CRIF.
  • The company monetizes through partnerships with brands for curated experiences and by providing financial management services.
  • CRED supports payments for major Indian banks and card networks including Visa, MasterCard, and RuPay.

The deal

Type
other

Founders

  • Kunal Shah, Founder

About CRED

Customers
Affluent credit card users and consumers seeking financial products
How it makes money
A consumer fintech platform that monetizes through financial products and category expansion
What sets it apart
Targets a harder-to-reach, higher-value customer segment rather than mass-market fintech users

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