Cred's Subsidiary Spenny Applies for Stock Broking Licence

• Cred, led by Kunal Shah, is expanding its financial services platform by applying for a stock broking licence via its subsidiary, Spenny.
• This move positions Cred to enter the competitive stock broking space, currently dominated by Zerodha, Groww, and Angel One.
• Cred's entry could bring additional revenue opportunities from transaction fees, account management, and potentially advisory services.

Source: Moneycontrol